SCHEDULES

C1 SCHEDULE 15Financial relief in the High Court or a county court etc.: Northern Ireland

Annotations:
Modifications etc. (not altering text)

Part 6Pension protection fund compensation etc.

Assumption of responsibility by PPF Board in paragraph 20(5) cases

27

1

This paragraph applies to an order under Part 1 if—

a

it includes provision made by virtue of paragraph 20(5) which requires the civil partner with pension rights to exercise his right of commutation under an occupational pension scheme to any extent, and

b

before the requirement is complied with the Board has assumed responsibility for the scheme.

2

From the time the trustees or managers of the scheme receive the transfer notice, the order has effect with such modifications as may be prescribed by regulations.