Regulation 6 Circumstances in which schemes may change mode of contracting-out

A scheme which has been contracted-out by virtue of section 32(2) of the 1975 Act may become contracted-out by virtue of section 32(2A) of that Act only if its trustees have been discharged of all liability to provide guaranteed minimum pensions.

A scheme which has been contracted-out by virtue of section 32(2A) of that Act may become contracted-out by virtue of section 32(2) of that Act only if its trustees have been discharged of all liability to give effect to protected rights.