PART 2Amendments coming into force on 6th April 2016
Amendment of the Occupational Pension Schemes (Winding Up) Regulations 19969
1
The Occupational Pension Schemes (Winding Up) Regulations 199634 are amended as follows.
2
In regulation 8 (requirements to be satisfied by transferee schemes, annuities etc.)—
a
in paragraph (5), before “contracted-out scheme” insert “scheme that was a”; and
b
for paragraph (7)(a)35, substitute—
a
regulation 18 or 25 of the Occupational Pension Schemes (Schemes that were Contracted-out) (No.2) Regulations 2015 (payment of a lump sum instead of a pension);
3
In regulation 10(3) (disapplication of section 38) in the definition of “relevant lump sum retirement benefits scheme”, in paragraph (b), for “is not contracted-out” substitute “was not contracted-out at any time before the second abolition date”.