Prohibition and restriction of the discharge of liability to provide pensions under a relevant scheme
8. The trustees of a relevant scheme are prohibited or restricted from discharging any liability to provide pensions under a relevant scheme except—
(a)in the circumstances and on the conditions prescribed in this Part; or
(b)where the requirements imposed by the Occupational Pension Schemes (Winding Up) Regulations 1996M1[F1, regulations 45 or 46 (as they had effect at the time of approval of arrangements for the scheme ceasing to be contracted-out) of the Occupational Pension Schemes (Contracting-out) Regulations 1996, or regulations 6, 17 or 20 of the Occupational Pension Schemes (Schemes that were Contracted-out) (No.2) Regulations 2015 apply.]
Textual Amendments
F1Words in reg. 8(b) substituted (6.4.2016) by The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016 (S.I. 2016/200), arts. 1(2), 12(3)
Marginal Citations