The Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997

Citation, commencement and interpretation

1.—(1) These Regulations may be cited as the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997 and shall come into force on 6th April 1997.

(2) In these Regulations—

“the 1995 Act” means the Pensions Act 1995;

“approved schemes” means an occupational pension scheme which is approved or was formerly approved under section 590 or 591 of the Income and Corporation Taxes Act 1988(1) or in respect of which an application for such approval has been duly made which has not been determined;

“Armed Forces Pension Scheme” means the schemes under which pensions are payable by virtue of the Naval and Marine Pay and Pensions Act 1865(2), Air Force (Constitution) Act 1917(3) or Army Pensions Warrant 1977(4);

“associated” has the same meaning as in section 435 of the Insolvency Act 1986(5) or section 74 of the bankruptcy (Scotland) Act 1985(6);

“public service pension scheme” has the same meaning as in section 1 of the Pension Schemes Act 1993(7) but does not include an Armed Forces Pension Scheme.

(3) In these Regulations, unless the context otherwise requires, a reference—

(a) to a numbered regulation is to the regulation bearing that number in these Regulations;

(b) in a regulation to a numbered paragraph is to the paragraph bearing that number in that regulation;

(c) in a paragraph to a lettered sub-paragraph is to the sub-paragraph in that paragraph bearing that letter.

(1)

1988 c. 1.

(2)

1865 c. 73.

(3)

1917 c. 51.

(4)

Dated 17th June 1977.

(5)

1986 c. 45.

(6)

1985 c. 66.

(7)

1993 c. 48.