PART 2Occupational pension schemes amendments
Amendments to the Occupational Pension Schemes (Winding Up) Regulations 19962
1
The Occupational Pension Schemes (Winding Up) Regulations 19966 are amended as follows.
2
In regulation 6(2)(b) (arrangements for discharge of liabilities under s. 74), before paragraph (i) insert—
ai
in the way mentioned in regulation 8(6)(b)(i)(aa) in a case where the proposed lump sum is an uncrystallised funds pension lump sum for the purposes of Part 1 of Schedule 29 to the Finance Act 20047,
3
In regulation 8(6) (requirements to be satisfied by transferee schemes, annuities etc.)8—
a
in sub-paragraph (a), for “Chapter 5 of Part 4” substitute “Chapter 2 of Part 4ZA”; and
b
in sub-paragraph (b)(i)(aa), after “trivial commutation lump sum” insert “, an uncrystallised funds pension lump sum”.