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The Local Government Pension Scheme (Amendment) Regulations 2000
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- 2000 No. 1005
- Explanatory Note
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Explanatory Note
(This note does not form part of these Regulations)
These Regulations amend the Local Government Pension Scheme Regulations 1997 (“the principal Regulations”) which comprise the Local Government Pension Scheme.
Regulation 3 amends the definition of “authorised insurer” in regulation 5 of the principal Regulations to refer to insurers authorised to carry on general, rather than long-term, business. Regulation 5, which deals with admission agreements, was substituted for the existing regulation 5 with effect from 13th January 2000 by the Local Government Pension Scheme (Amendment etc.) Regulations 1999. The amendment takes effect from the same date.
Regulation 4 contains two minor drafting amendments, both of which take effect from a date before these Regulations come into force.
Regulation 5 contains a savings provision.
Section 12 of the Superannuation Act 1972 provides that regulations made under section 7 of that Act may have retrospective effect.
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