8(1)Section 10 is amended as follows.S
(2)In subsection (5)(b), for “scheme” there is substituted “ arrangement ”.
(3)For subsection (8) there is substituted—
“(8)The Secretary of State may by regulations make provision about calculation and verification in relation to the valuation for the purposes of this Act of benefits under a pension arrangement or relevant state scheme rights.”
(4)After that subsection there is inserted—
“(8A)Regulations under subsection (8) above may include—
(a)provision for calculation or verification in accordance with guidance from time to time prepared by a prescribed person; and
(b)provision by reference to regulations under section 30 or 49(4) of the Welfare Reform and Pensions Act 1999.”
(5)In subsection (9), after “subsection (8) above” there is inserted “ may make different provision for different purposes and ”.
(6)Subsections (10) and (11) cease to have effect.
Commencement Information
I1Sch. 12 para. 8 wholly in force at 15.4.2000; Sch. 12 para. 8 not in force at Royal Assent see s. 89(1); Sch. 12 para. 8(1)(2)(5)(6) in force at 1.12.2000 by S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV; Sch. 12 para. 8(3)(4) in force at 15.4.2000 by S.S.I. 2000/111, art. 2