SCHEDULES
F6SCHEDULE 1A TRANSFER OF ACCRUED BENEFITS
Part I General
Interpretation
C11
F11
In this Schedule—
F2“authorised insurer” means—
- i
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance, or
- ii
an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of long-term insurance;
“disregarded service”, in relation to any member of a scheme, means any period of service in judicial office during which an election under section 14A(9) above is in force in respect of the qualifying member;
“normal pension age” means the earliest age at which, if his service had continued until retirement at that age, a member of a scheme might have been entitled to receive a pension under the scheme;
“prescribed” means prescribed by regulations;
“protected rights” has the same meaning as in the F3the Pension Schemes Act 1993 and, in relation to Northern Ireland, the F4the Pension Schemes (Northern Ireland) Act 1993;
“qualifying member” means a person to whom Part II of this Schedule applies;
“qualifying service” means the service, or relevant service, by reference to which a qualifying member’s entitlement to benefit under the scheme is calculated; and
“scheme” means the relevant occupational pension scheme constituted by this Act or the Sheriffs’ Pensions (Scotland) Act M11961.
F52
The definition of “authorised insurer” in sub-paragraph (1) must be read with—
a
section 22 of the Financial Services and Markets Act 2000;
b
any relevant order under that section;
c
Schedule 2 to that Act.
Regulations
2
Regulations for the purposes of this Schedule—
a
may be made, with the concurrence of the Treasury, by the Lord Chancellor or, in relation to Scotland, the Secretary of State;
b
shall be made by statutory instrument;
c
shall be subject to annulment in pursuance of a resolution of either House of Parliament;
d
may make different provision for different cases; and
e
may make provision for consequential, transitional and incidental matters.
Sch. 1A inserted (prosp.) by Courts and Legal Services Act 1990 (c. 41, SIF 76:1), ss. 81, 124, Sch. 13