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The Occupational Pension Schemes (Transfer Values) Regulations 1996

Status:

This is the original version (as it was originally made).

  1. Introductory Text

  2. PART I GENERAL

    1. 1.Citation, commencement and interpretation

  3. PART II RESTRICTIONS ON RIGHT TO CASH EQUIVALENT

    1. 2.Pre-1986 leavers

    2. 3.Rules on continuation in employment after termination of pensionable service

    3. 4.Right to further cash equivalent on termination of employment to which the scheme applies

    4. 5.Treatment of a number of employments as a single employment

  4. PART III GUARANTEED STATEMENTS OF ENTITLEMENT AND CALCULATION OF TRANSFER VALUES

    1. 6.Guaranteed statements of entitlement

    2. 7.Manner of calculation and verification of cash equivalents

    3. 8.Further provisions as to calculation of cash equivalents and increases and reductions of cash equivalents (other than guaranteed cash equivalents)

    4. 9.Increases and reductions of guaranteed cash equivalents

    5. 10.Increases of cash equivalents on late payment

    6. 11.Disclosure

  5. PART IV RECEIVING SCHEMES, ANNUITIES AND ARRANGEMENTS

    1. 12.Requirements to be met by receiving schemes, annuities and arrangements

  6. PART V TIME LIMITS FOR PAYMENT OF CASH EQUIVALENTS

    1. 13.Extension of time limits for payment of cash equivalents

  7. PART VI MODIFICATION OF THE 1993 ACT

    1. 14.Extension of time within which member may exercise option to take a guaranteed cash equivalent

    2. 15.Cases where normal pension age is earlier than 60

    3. 16.Accrued rights, or liabilities in respect of accrued rights, transferred without consent

    4. 17.Schemes with an overseas element

    5. 18.Termination of pensionable service in certain circumstances to be disregarded

    6. 19.Hybrid schemes

  8. PART VII PENALTIES

    1. 20.Maximum penalty under section 10 of the 1995 Act

  9. PART VIII REVOCATIONS AND TRANSITIONAL PROVISIONS

    1. 21.Revocations and transitional provisions

  10. Signature

    1. SCHEDULE 1

      INFORMATION TO BE MADE AVAILABLE TO MEMBERS

      1. 1.Whether any cash equivalent (within the meaning of Chapter IV...

      2. 2.Whether any transfer value (not being a cash equivalent within...

    2. SCHEDULE 2

      TRANSITIONAL PROVISIONS

    3. SCHEDULE 3

      REVOCATIONS

  11. Explanatory Note

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