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Regulatory guidance
Summary funding statements
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Hybrid schemes
Some hybrid schemes are divided into sections, some providing money purchase benefits and some defined benefits.Summary funding statements are to be issued only to members with a defined benefit interest in a scheme. Schemes are not required to issue statements to members who have, or will have, solely money purchase benefits under the scheme8.
8 Paragraph 2(3)(b) of Schedule 3 to the regulations.
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| Summary funding statements (PDF) |