(1) The Authority shall at intervals of not more than 12 months provide a statement (in this section referred to as an "annual statement") to each participant.

(2) An annual statement shall include -

(a) information relating to the participant's account as of the statement date,

(b) information relating to the participant, including the date that the participant is projected to reach pensionable age,

(c) information on the AE provider scheme within the appropriate risk level (within the meaning of Part 4) in relation to the participant,

(d) information on retirement savings projections based on the pensionable age as specified in paragraph (b) and future contributions, and a disclaimer that those projections may differ from the final value of the contributions received and, if the future retirement savings projections are based on economic scenarios, that information shall also include a best estimate scenario and an unfavourable scenario, taking into consideration the appropriate risk level referred to in paragraph (c),

(e) information on the accrued retirement savings taking into consideration the appropriate risk level referred to in paragraph (c),