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- Original (As made)
This is the original version (as it was originally made).
(This note is not part of the Regulations)
These Regulations specify the types of pension rights which are not subject to pension sharing, and make provision for the calculation and verification of cash equivalents for the purpose of creating pension debits and credits.
Regulation 1 provides for citation, commencement and interpretation.
Regulation 2 specifies rights under a pension arrangement which are not subject to pension sharing.
Regulation 3 specifies that the calculation and verification of cash equivalents for the purposes of creating pension debits and credits may be made by reference to these Regulations.
Regulations 4 and 5 specify how cash equivalents in respect of rights in occupational pension schemes may be calculated and verified.
Regulations 6 and 7 specify how cash equivalents in respect of rights in pension arrangements other than occupational pension schemes may be calculated and verified.
An assessment of the cost to business of the provisions of the Welfare Reform and Pensions Act 1999, including these Regulations, is detailed in the Regulatory Impact Assessment for that Act. A copy of this Assessment has been placed in the libraries of both Houses of Parliament. Copies can be obtained by post from the Department of Social Security, Pensions on Divorce, 3rd Floor, The Adelphi, 1-11 John Adam Street, London WC2N 6HT.
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