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20. In regulation F4—
(a)for paragraph (1) substitute the following paragraph—
“(1) Subject to paragraphs (3) to (6) and to regulation F4A a transfer value offered to the Department by the scheme managers of a registered pension scheme (“the previous scheme”) in respect of a person who has entered pensionable employment may be accepted.”;
(b)omit paragraph (2)
(c)in paragraph (6) omit “or” at the end of sub-paragraph (a), insert “or” at the end of sub-paragraph (b) and after sub-paragraph (b) insert the following sub-paragraph—
“(c)the previous scheme was a money purchase arrangement as defined in section 152 of the Finance Act 2004 to which the person’s employer was not a contributor and which provided benefits additional to those provided by a scheme to which he was a contributor.”.
(d)in paragraph (7) for “Paragraph (6) does not apply” substitute “Sub-paragraphs (a) and (b) of paragraph (6) do not apply”.
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