- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/10/2008)
- Gwreiddiol (a wnaed Fel)
Version Superseded: 24/07/2014
Point in time view as at 01/10/2008. This version of this provision has been superseded.
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There are currently no known outstanding effects for the The Occupational Pension Schemes (Transfer Values) Regulations 1996, Section 6.
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6.—[F1(1) Subject to paragraph (1A), the guarantee date in relation to a statement of entitlement must be—
(a)within the period of three months beginning with the date of the member’s application under section 93A of the 1993 Act (salary related schemes: right to statement of entitlement) for a statement of entitlement; or
(b)where the trustees are unable to provide a statement of entitlement for reasons beyond their control within the period specified in sub-paragraph (a), within such longer period not exceeding six months beginning with the date of the member’s application as they may reasonably require.]
[F2(1A) Where a relevant scheme has received an application, the guarantee date must be either—
(a)within the period, or, where applicable, the longer period, set out in paragraph (1); or
(b)within a period of three months beginning on the date on which the relevant direction ceases to have effect,
whichever ends later.
(1B) In paragraph (1A)—
“application” means an application for a statement of entitlement made under section 93A(1) of the 1993 Act ;
“relevant scheme” means a scheme which either—
is the subject of a freezing order made under section 23 of the Pensions Act 2004 containing a relevant direction on the date it receives the application; or
becomes the subject of such a freezing order during the period, or, where applicable, the longer period, set out in paragraph (1); and
“relevant direction” means a direction under section 23(4)(g) of the Pensions Act 2004.]
(2) The guarantee date must be within the period of ten days (excluding Saturdays, Sundays, Christmas Day, New Year’s Day and Good Friday) ending with the date on which the statement of entitlement is provided to the member.
(3) A member who has made an application under section 93A(1) of the 1993 Act for a statement of entitlement may not within a period of twelve months beginning on the date of that application make any further such application unless the rules of the scheme provide otherwise or the trustees allow the member to do so.
(4) Subject to paragraph (3), any application for a cash equivalent made by a member of a salary related scheme which does not result in the member acquiring a right to a guaranteed cash equivalent under section 94(1)(aa) of the 1993 Act shall be treated as if it were an application under section 93A(1) of that Act for a statement of entitlement.
Textual Amendments
F1 Reg. 6(1) substituted (1.10.2008) by Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050) , regs. 1(1) , 3
F2 Reg. 6(1A)(1B) inserted (6.4.2005) by Pensions Regulator (Freezing Orders and Consequential Amendments) Regulations 2005 (S.I. 2005/686) , regs. 1(1) , 4(2)(b)
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