PART 12Scheme Administration
Scheme accounts41.
(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.