Amendment of regulation 94 of the Superannuation Scheme Regulations
17.—(1) Regulation 94 of the Superannuation Scheme Regulations (Commutation of trivial pensions) is amended in accordance with this regulation.
(2) For paragraph (3) substitute—
“(3) A pension may be treated as trivial only if all benefits payable under the scheme to the person concerned are of an amount consistent with—
(a)the contracting-out and preservation requirements of the 1993 Act(1); and
(b)the lump sum rule and the lump sum death benefit rule.”.
(3) Omit paragraph (4).
(1)