PART 12Scheme Administration
Scheme accountsI141
1
This regulation applies where, before the appointed day—
a
benefits under an occupational pension scheme included benefits which are not money purchase benefits; and
b
the trustees or managers of the scheme treated those benefits as if they were money purchase benefits.
2
Where this regulation applies, no provision of Part 4 of the Act or of these Regulations affects the validity of scheme accounts prepared in relation to any period before the appointed day.