Pension Schemes Act 2015 (c. 8)

SCHEDULES

SCHEDULE 4 E+W+S Rights to transfer benefits

PART 1 E+W+S Great Britain amendments

Pension Schemes Act 1993 (c. 48) E+W+S

20 E+W+S After section 101N insert—

“101NA Prohibition on excluding transfers of some rights without others etc

Except as mentioned in sections 96(4) and 101G(4), a pension scheme may not contain rules that would have the effect of—

(a) preventing a member from exercising a right under this Chapter in relation to a category of benefits without also exercising a right under this Chapter or otherwise to require a transfer payment to be made in respect of another category of benefits, or

(b) preventing a member who exercises a right under this Chapter in relation to a category of benefits from accruing rights to benefits in another category.”