Regulation 36 Transfers out on or after 1 October 2023I1
Scotland
(1)
This regulation applies to a remediable transfer value payment to be made in relation to M by the scheme manager on or after 1 October 2023.
(2)
The scheme manager, having consulted the scheme actuary, must calculate the transfer value of M’s remediable rights as if those rights had been in—
(a)
M’s legacy scheme;
(b)
the reformed scheme.
(3)
The amount of the remediable transfer value is the greater of the amounts calculated under paragraph (2).