PART 3Pension Protection Fund amendments

Amendments to the Pension Protection Fund (General and Miscellaneous Amendments) Regulations 20066

1

The Pension Protection Fund (General and Miscellaneous Amendments) Regulations 200636 are amended as follows.

2

In regulation 8 (further provision for discharge of liabilities in respect of money purchase benefits), after paragraph (1) insert—

1A

Where, on the date that the Board assumed responsibility for the scheme, the money purchase beneficiary—

a

had attained normal minimum pension age, or was within six months of attaining that age; or

b

met the ill-health condition in paragraph 1 of Schedule 28 to the 2004 Act37,

the notice given by the Board under paragraph (1) shall also include the information listed in Part 1, and paragraph 12, of Schedule 10 to the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (information on the Pensions Guidance)38.

3

In regulation 9A (PPF money purchase lump sums)39, for paragraph (2) substitute—

2

The first condition is that the member has attained normal minimum pension age or meets the ill-health condition in paragraph 1 of Schedule 28 to the 2004 Act.