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There are currently no known outstanding effects for the The Occupational Pension Schemes (Transfer Values) Regulations 1996.
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PART III GUARANTEED STATEMENTS OF ENTITLEMENT AND CALCULATION OF TRANSFER VALUES
7. Manner of calculation and verification of cash equivalents - general provisions
7A.Manner of calculation of initial cash equivalents for salary related benefits
7B.Initial cash equivalents for salary related benefits: assumptions and guidance
7C.Manner of calculation of initial cash equivalents for money purchase benefits
7E.Alternative manner of calculating and verifying cash equivalents
Reductions in initial cash equivalents
3.The insufficiency conditions are that the last insufficiency report shows...
4.If the insufficiency conditions are met the trustees may reduce,...
5.The deficiency percentage for any such part of a member’s...
7.In a case where a contributions equivalent premium has been...
9.Where effect has been given to protected rights in accordance...
11.For the purposes of paragraph 10, “appropriately secured” means the...
13.If, by virtue of regulations made under section 73B(4)(b)(i) of...
15.The trustees may reduce an initial cash equivalent to reflect...
1.Where the trustees have requested an insufficiency report under regulation...
2.The insufficiency report must contain— (a) a comparison, as at...
4.Where it appears to the actuary that the circumstances are...
5.Where rights under an insurance policy are excluded under paragraph...
6.The value of any rights under an insurance policy included...
7.The insufficiency report liabilities are— (a) for active members with...
8.When preparing the insufficiency report— (a) the actuary must make...
9.In this Schedule— “relevant assets” means, subject to paragraphs 2(b)...
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