SCHEDULES
SCHEDULE 17AUTOMATIC TRANSFER OF PENSION BENEFITS ETC.
PART 1AUTOMATIC TRANSFER OF PENSION BENEFITS
Cash equivalents: calculation and verification
8
1
The regulations may provide for the manner in which cash equivalents are to be calculated and verified.
2
The regulations may in particular—
a
provide that a cash equivalent is to be increased or reduced in prescribed circumstances;
b
make provision about the time by reference to which a cash equivalent is to be calculated for the purposes of a provision of the regulations.
3
Regulations made because of sub-paragraph (2)(a) may provide for a cash equivalent to be reduced to nil.