SCHEDULES

SCHEDULE 32 London Regional Transport pension etc schemes

Amendment of LRT pension schemes

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1

In the case of any LRT pension scheme, the provision that may be made by order under section 411(1) of this Act includes provision for or in connection with—

a

the allocation of assets, rights, liabilities or obligations between different sections of the scheme;

b

securing that the scheme continues to be F1registered or approved for the purposes of the relevant enactments, notwithstanding any transfers made by or under this Act or any qualifying transaction.

2

In sub-paragraph (1) above—

  • “qualifying transaction” means any relevant transaction, within the meaning of paragraph 3 below, as a result of which a person is or becomes a protected person for the purposes of that paragraph;

  • “the relevant enactments” means—

    1. a

      F2Part 4 of the Finance Act 2004 (pension schemes etc); and

    2. b

      Part III of the M1Pension Schemes Act 1993, so far as relating to occupational pension schemes.