41.—(1) This regulation applies where, before the appointed day—
(a)benefits under an occupational pension scheme included benefits which are not money purchase benefits; and
(b)the trustees or managers of the scheme treated those benefits as if they were money purchase benefits.
(2) Where this regulation applies, no provision of Part 4 of the Act or of these Regulations affects the validity of scheme accounts prepared in relation to any period before the appointed day.
Commencement Information
I1Reg. 41 comes into force in accordance with reg. 1(1)