SCHEDULES

SCHEDULE 32 U.K. London Regional Transport pension etc schemes

Amendment of LRT pension schemes E+W+S

2 (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— E+W+S

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

(b) securing that the scheme continues to be [F1 registered 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—

  (a)

  [F2 Part 4 of the Finance Act 2004 (pension schemes etc); and]

  (b)

  Part III of the M1 Pension Schemes Act 1993, so far as relating to occupational pension schemes.

Textual Amendments

F1 Words in Sch. 32 para. 2(1)(b) inserted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments) Order 2006 (S.I. 2006/745), arts. 1, 14(a)

F2 Words in Sch. 32 para. 2(2) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments) Order 2006 (S.I. 2006/745), arts. 1, 14(b)

Commencement Information

I1 Sch. 32 para. 2: by virtue of s. 425(2) the Act comes into force at Royal Assent in regards to any power of a Minister of the Crown to make regulations or an order

Marginal Citations

M1 1993 c. 48.