(This note is not part of the Regulations)

These Regulations further amend regulation 12 of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991 in respect of the matters which are required to be certified by an actuary before the accrued rights of a member of an occupational pension scheme (“the transferring scheme”) may be transferred to another such scheme (“the new scheme”) without that member’s consent.

The amendments require that, where the transferring scheme is one which must have a scheme actuary, it is that actuary who must provide any certificate for the purposes of regulation 12; and they remove the requirement for certification as respects the security of a member’s rights, and the benefits which will be received, in the new scheme.