PET - Plain English Taxonomy

Attribute: OI11701
Concept:
Label: Members accounts of benefit payments
Concept Guidance:
This is the number, during the relevant period, of distinct entries recorded in the register of member accounts (or other equivalent mechanism). 
Form-Specifc Guidance:
In item 1, report the number of accounts which had a lump-sum benefit paid during the period by condition of release type and in item 2, report the pension benefit accounts opened during the period by condition of release type.
Dimensions
Dimension Member Description
This dimension categorises the reported data according to types of conditions of release.
(New)
This dimension identifies the current status of a member account.
The status is new.
(PensionBenefitPayment)
This dimension categorises the reported data according to the types of movements in members' benefits liability.
The information reported relates to benefit that have been paid as a pension under a condition of release. Includes: complying pensions, allocated pensions, annuity payments and payments from longevity products/variable annuities. Excludes: amounts resulting from the commutation of pension benefits.