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The Occupational Pension Schemes (Master Trusts) Regulations 2018
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- UK Statutory Instruments
- 2018 No. 1030
- SCHEDULE 5
- Transfer requirements: choice of...
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Transfer requirements: choice of arrangementsE+W+S
10.—(1) The trustees of the applicable scheme must, as soon as reasonably practicable, contact each member whose accrued rights or benefits are to be transferred to that scheme and must invite them to select an arrangement of the applicable scheme into which those rights or benefits are to be transferred.E+W+S
(2) The accrued rights of members who do not respond to the applicable scheme within eight weeks after the date on which they received the invitation referred to in sub-paragraph (1) must remain in an arrangement which—
(a)meets the conditions for use as the default arrangement of the applicable scheme, and
(b)complies with Chapter 1 of Part 2 of the Charges and Governance Regulations (restrictions on charges: default arrangements).
Commencement Information
I1Sch. 5 para. 10 in force at 1.10.2018, see reg. 1(2)
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