Pensions Act 2004, Paragraph 2 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
2(1)Subject to sub-paragraph (2), the property, rights and liabilities so transferred include—U.K.
(a)property, rights and liabilities that would not otherwise be capable of being transferred or assigned,
(b)property situated anywhere in the United Kingdom or elsewhere, and
(c)rights and liabilities under the law of any part of the United Kingdom or of any country or territory outside the United Kingdom.
(2)Where, but for this sub-paragraph, any rights or liabilities under a contract of employment between the trustees or managers of the scheme and an individual would be transferred to the Board under section 161, this sub-paragraph operates to terminate the contract of employment on the day preceding the day on which the transfer notice is received by the trustees or managers of the scheme.
Commencement Information
I1Sch. 6 para. 2 in force at 6.4.2006 by S.I. 2005/3331, art. 2(6), Sch. Pt. 6
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