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PART 4U.K.Pension compensation sharing and qualifying agreements (Scotland)

Circumstances in which an agreement is to be entered into, in order to be considered a “qualifying agreement” for the purposes of section 110(1)(a) of the ActU.K.

8.  The circumstances prescribed for the purposes of section 110(1)(a) of the Act are that —

(a)the transferor has notified the Board that a qualifying agreement which makes provision corresponding to—

(i)a pension compensation sharing order under section 8 of the Family Law (Scotland) Act 1985; or

(ii)a capital sum order made under section 8 containing provision by virtue of section 12B of that Act,

is to be made; and

(b)the transferor and transferee have entered into the agreement in order to determine the financial settlement on divorce or dissolution of a civil partnership.