Modifications etc. (not altering text)
C1Sch. 5 applied (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 42(1), 53, 57 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
18(1)The Secretary of State may by regulations make provision for restricting the amount of periodic compensation payable under this Schedule in a case in which, on the transfer day, the transferor is not entitled to present payment of PPF compensation.E+W+S
(2)Without prejudice to the generality of sub-paragraph (1), the regulations may restrict an amount payable to a person in any period by reference to [F1the compensation cap specified by the Secretary of State by order under paragraph 26(7) of Schedule 7 to the Pensions Act 2004 (compensation cap).] [F1a modified version of the compensation cap in paragraph 26A of Schedule 7 to the Pensions Act 2004]
Textual Amendments
F1Words in Sch. 5 para. 18(2) substituted (6.4.2017) by Pensions Act 2014 (c. 19), s. 56(1), Sch. 20 para. 7 (with Sch. 20 paras. 9, 11, 22(2)); S.I. 2017/297, art. 2(b) (with transitional provisions in S.I. 2017/301)
Commencement Information
I1Sch. 5 para. 18 wholly in force at 6.4.2011; para. 18 in force for certain purposes at Royal Assent see s. 149(2)(k); para. 18 in force so far as not already in force at 6.4.2011 by S.I. 2011/664, art. 2(3), Sch. Pt. 2