Version Superseded: 01/04/2022
Point in time view as at 01/04/2015. This version of this provision has been superseded.
There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, Paragraph 29.
29.—(1) This paragraph applies if another occupational pension scheme (“the sending scheme”) offers to make a bulk transfer payment in respect of all persons to whom this Part applies.
(2) The scheme manager for the existing scheme must accept a bulk transfer payment if it is offered.
(3) A transfer payment in respect of a person (P) may not be accepted as part of a bulk transfer payment if—
(a)it relates to service on or after the Fair Deal transfer date; or
(b)retirement benefits have become payable to P under the sending scheme.
(4) In this Part, “bulk transfer payment” means a single transfer payment in respect of all persons to whom this Part applies.
(5) The bulk transfer payment must be accepted into the existing scheme.
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