Citation and commencementE+W+S
1. These Regulations may be cited as the Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 and shall come into force on 6th April 1997.
Schemes providing salary-related death benefitsE+W+S
2.—[F1(1)] Part I of the Pensions Act 1995 applies to any occupational pension scheme under which all the benefits that may be provided other than death benefits are money purchase benefits as if every reference in that Part to a money purchase scheme included such a scheme.
[F2(2) But paragraph (1) does not apply in relation to the provision by an occupational pension scheme of a pension to which regulation 2 of the Personal and Occupational Pension Schemes (Indexation and Disclosure of Information) (Miscellaneous Amendments) Regulations 2005 applies (removal of indexation: money purchase benefits provided under a hybrid occupational pension scheme).]
Textual Amendments
F1Reg. 2(1): reg. 2 renumbered as reg. 2(1) (6.4.2005) by Personal and Occupational Pension Schemes (Indexation and Disclosure of Information) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/704), regs. 1(2), 14(2)
Miscellaneous amendmentsE+W+S
3. The regulations specified in Schedule 1 to these Regulations shall have effect with the amendments specified in that Schedule.
Revocations and savingsE+W+S
4.—(1) Subject to paragraph (2), the subordinate legislation specified in Schedule 2 is revoked to the extent specified in the third column.
(2) Without prejudice to the generality of section 16 of the Interpretation Act 1978 M1, the revocation of the Personal Pension Schemes (Personal Pension Protected Rights Premiums) Regulations 1987 M2 does not affect the operation of those regulations as respects any premium paid before 6th April 1997 or payable immediately before that date.
Signed by authority of the Secretary of State for Social Security.
Oliver Heald
Parliamentary Under-Secretary of State,
Department of Social Security