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12. In Schedule 12 (transfer values)–
(a)in paragraph 2(a) for “an approved pension or superannuation scheme” substitute “a registered pension scheme”;
(b)for paragraph 4(a) substitute–
“(a)a teacher requests that a transfer value be paid to a registered pension scheme, which is not contracted out; and”;
(c)in paragraph (4)(b) for “the trustees or managers of the occupational pension scheme, personal pension scheme or self employed pension arrangement” substitute “the trustees or managers of the registered pension scheme”;
(d)in paragraph 13(1)(a) for “personal pension scheme or an approved pension or superannuation scheme” substitute “registered pension scheme”; and
(e)in paragraph 14(d) for “an occupational pension scheme” substitute “a registered pension scheme” and delete subparagraph (v).
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