SCHEDULES

SCHEDULE 4ABOLITION OF CONTRACTING-OUT FOR DEFINED CONTRIBUTION PENSION SCHEMES

PART 3SAVINGS

Issue and cancellation etc. of certificates for periods before the abolition date

61

1

Nothing in the relevant amendments and repeals affects the continued operation of section 30 of the Pension Schemes Act (cancellation, variation, surrender and refusal of certificates), or any regulations in force under it immediately before F16 April 2012 , for the purposes of a retrospective act.

2

In sub-paragraph (1) “a retrospective act” means the cancellation, variation, surrender or refusal of a certificate, or the issue of an amended certificate, where—

a

the certificate was in force for a period beginning before F26 April 2012 (or, in the case of a refusal of a certificate, would have related to such a period if it had been issued), and

b

the cancellation, variation, surrender, refusal or issue—

i

is made after F36 April 2012 , but

ii

has effect from a date before that date.

3

An amended certificate issued by virtue of this paragraph must provide for it to cease to have effect as from F46 April 2012 .

4

In this paragraph and paragraph 60 “a certificate” means an appropriate scheme certificate or a contracting-out certificate in respect of a money purchase contracted-out scheme, and each of those terms has the meaning given by section 176(1) of the Pension Schemes Act.