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The Occupational and Personal Pension Schemes (Transfer Values) (Amendment and Revocation) Regulations (Northern Ireland) 2015

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Amendment of Schedule 1 to the 1996 Regulations

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8.—(1) Schedule 1 to the 1996 Regulations (information to be made available to members) is amended in accordance with paragraphs (2) to (4).

(2) In paragraph 1—

(a)for “Chapter IV of Part IV” substitute “Chapter 1 of Part 4ZA”;

(b)for “the member’s pensionable service were to terminate” substitute “the conditions specified in section 89(2) to (4) were met”;

(c)in sub-paragraph (a)(1) for “the member’s pensionable service terminated or will terminate on a particular date” substitute “the conditions specified in section 89(2) to (4) are met or were to be met on a particular date”.

(3) In paragraph 2—

(a)for “Chapter IV of Part IV” substitute “Chapter 1 of Part 4ZA”;

(b)in sub-paragraph (d) after “estimated amount of the transfer value” insert “in relation to the member’s rights to benefits other than money purchase benefits”.

(4) In paragraph 3(c)(2) at the beginning insert “except where section 51 of the Pension Schemes Act 2015 applies,”.

(1)

Sub-paragraph (a) was substituted by regulation 7(a)(i) of S.R. 2008 No. 370

(2)

Paragraph 3 was added by regulation 7(b) of S.R. 2008 No. 370

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