The Personal and Occupational Pension Schemes (Transfer to Self-employed Pension Arrangements) Regulations 1988

Consequential amendments

4.—(1) In paragraph (b) of regulation 2 of the Occupational Pension Schemes (Discharge of Liability) Regulations 1985(2) for the words “either or both” there shall be substituted the words “one or more” and at the end of sub-paragraph (ii) of that paragraph there shall be added “and” and after that sub-paragraph there shall be inserted the following sub-paragraph —

“(iii) in the case only of benefits which are not, and do not include, guaranteed minimum pensions, the award of rights to money-purchase benefits under a self-employed pension arrangement within the meaning of regulation 2D of the Occupational Pension Schemes (Transfer Values) Regulations 1985 or regulation 2A of the Personal Pension Schemes (Transfer Values) Regulations 1987.”.

(2) The Personal and Occupational Pension Schemes (Modification of Enactments) Regulations 1987((1)) shall be amended as follows:—

(a) in paragraph (4) of regulation 4 the word “both” shall be inserted after the word “included” and at the end there shall be added the words “and a self-employed pension arrangement within the meaning of regulation 2D of the Occupational Pension Schemes (Transfer Values) Regulations 1985 or regulation 2A of the Personal Pension Schemes (Transfer Values) Regulations 1987”; and

(b) in paragraph 9(c) of Schedule 4 and paragraph 3 of Schedule 6, in the substituted paragraph (a) of sub-paragraph (5) after “appropriate scheme,” there shall be inserted “or of a self-employed pension arrangement within the meaning of regulation 2D of the Occupational Pension Schemes (Transfer Values) Regulations 1985 or regulation 2A of the Personal Pension Schemes (Transfer Values) Regulations 1987”.

(1)

S.I. 1987/1112.

(2)

S.I. 1985/1929; the relevant amending instruments are S.I.s 1986/2171 and 1987/1114.