The Occupational and Personal Pension Schemes (Prescribed Bodies) Regulations 2007 No. 60

SCHEDULE Amendment of regulations

2.  In the Personal Pension Schemes (Transfer Values) Regulations 1987(1)—

(a) in regulation 1(2)(2) (interpretation), in the appropriate alphabetical place insert—

““the Board for Actuarial Standards” means the operating body of that name of the Financial Reporting Council;”; and

(b) for head (ii) of regulation 3(2)(b) (manner of calculation and verification of cash equivalents), substitute—

“(ii) with “Retirement Benefit Schemes - Transfer Values (GN11)”, adopted or prepared, and from time to time revised, by the Board for Actuarial Standards and current on the date of the calculation.”.

(1)

S.I. 1987/1112.

(2)

Regulation 1(2) was amended by S.I. 1994/1062.