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Pensions Act (Northern Ireland) 2015

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This is the original version (as it was originally enacted).

Transferable benefits scheme to comply with request

6.—(1) The regulations must require the trustees or managers of a pension scheme who receive a transfer notice requesting the transfer of the cash equivalent of a person’s transferable benefits to do what is needed to carry out the request.

(2) The regulations may in particular—

(a)require the trustees or managers of the scheme to take particular steps to carry out the request;

(b)provide for the discharge, in prescribed circumstances, of any obligation to provide the transferable benefits.

(3) The regulations may provide for circumstances in which the duty to carry out the request does not apply.

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