- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
10. After Schedule 2 of the principal Regulations there shall be inserted the following Schedule—
Regulation 2B
1. The transferring scheme or the transferring policy makes a transfer payment (whether or not it forms part of a larger payment in respect of both guaranteed minimum pensions and other accrued rights) of an amount at least equal to the cash value of the earner’s accrued rights to guaranteed minimum pensions, as calculated and verified in a manner consistent with Regulations made under paragraph 14 of Schedule 1A to the Act.
2. The receiving scheme makes provision that the transfer payment will be applied so as to provide money purchase benefits for or in respect of the earner under the scheme.
3. The transfer payment is approved by the Board whether or not subject to conditions.”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: