The Occupational and Personal Pension Schemes (Bankruptcy) Regulations (Northern Ireland) 2002

Calculation and verification of rights under pension arrangements

7.—(1) For the purposes of Article 315B(4)(b)(1) of the 1989 Order, the value of the individual’s rights under an approved pension arrangement or of his excluded rights under an unapproved pension arrangement, shall be the cash equivalent of those rights as calculated and verified in accordance with paragraph (2).

(2) In calculating and verifying the cash equivalent of the rights referred to in paragraph (1), regulation 3 of the Pensions on Divorce etc. (Provision of Information) Regulations (Northern Ireland) 2000(2) (information about pensions on divorce: valuation of pension benefits) shall have effect for the purposes of this regulation in like manner to that in which it has effect for the valuation of benefits in connection with the supply of information in connection with domestic and overseas divorce etc. in Northern Ireland, England and Wales for the purposes of those Regulations; and for these purposes the words “the date on which the request for the valuation was received”, in each place where they occur, in that regulation shall be read as “the date on which the trustee in bankruptcy’s request for the valuation was received”.

(1)

Article 315B was substituted by Article 15 of the Welfare Reform and Pensions (Northern Ireland) Order 1999

(2)

S.R. 2000 No. 142