Pensions Act 2014 (c. 19)

SCHEDULES

SCHEDULE 17 E+W+S Automatic transfer of pension benefits etc

Prospective

Part 1 E+W+S Automatic transfer of pension benefits

Automatic transfer scheme to use cash equivalent to provide rights under the scheme E+W+S

7 (1) The regulations must require the trustees or managers of an automatic transfer scheme to whom the cash equivalent of a person's transferable benefits is transferred to use the cash equivalent to provide rights for the person under the scheme. E+W+S

(2) The regulations may make provision about how that is to be done and in particular about—

(a) the nature and value of the rights to be provided;

(b) calculating and verifying the value of the rights to be provided.