The Occupational and Personal Pension Schemes (Transfer Values) (Amendment and Revocation) Regulations 2015

Amendment of Schedule 1 to the 1996 Regulations

9.—(1) Schedule 1 (information to be made available to members) to the 1996 Regulations is amended as follows.

(2) In paragraph 1(1)—

(a) for “Chapter IV of Part IV” substitute “Chapter 1 of Part 4ZA”;

(b) for “the member’s pensionable service were to terminate” substitute “the conditions specified in section 93(2) to (4) of the 1993 Act were met”;

(c) in sub-paragraph (a), for “the member’s pensionable service terminated or will terminate on a particular date” substitute “the conditions specified in section 93(2) to (4) of the 1993 Act are met or were to be met on a particular date”.

(3) In paragraph 2—

(a) for “Chapter IV of Part IV” substitute “Chapter 1 of Part 4ZA”;

(b) in sub-paragraph (d), after “estimated amount of the transfer value” insert “in relation to the member’s rights to benefits other than money purchase benefits”.

(4) In paragraph 3(2), at the beginning of sub-paragraph (c) insert “except where section 48 of the Pension Schemes Act 2015 applies,”.

(1)

Paragraph 1 of Schedule 1 was amended by S.I. 2008/1050, regulations 1(1) and 7(a).

(2)

Paragraph 3 of Schedule 1 was inserted by S.I. 2008/1050, regulation 7(b) and amended by S.I. 2013/472, article 3, Schedule 2, paragraph 14.