Regulation 4 Restrictions on chargesF1

Subject to regulations 9 and 10, the trustees or managers of a relevant schemeF2, that is not a collective money purchase scheme, must not impose or permit to be imposed on a member of that scheme to whom F3this Chapter applies charges which—

Subject to regulation 9, the trustees of a relevant scheme that is a qualifying collective money purchase scheme must not impose or permit to be imposed on the members of that scheme, in respect of members’ rights under the scheme, charges which—

Subject to regulation 11C, a service provider must not impose or permit to be imposed on a member to whom regulation 11A applies charges which are of a description prohibited by that regulation.

With the exception of F9regulations F105A, 6A, 7A, 8A, 11 and 11A, F11this Chapter applies—

F14For the purposes of paragraph (2), the application of this regulation and regulations F155, 6, 7, 8 and 9 in respect of the value of a member’s rights is not affected by—

where the member has not given consent to the transfer.

If the receiving scheme referred to in paragraph (3) is a collective money purchase scheme (other than a qualifying collective money purchase scheme), this regulation and regulations 5, 6, 7, 8 and 9 apply in respect of the value of a member’s rights, following any such transfer, as if the person was a member of a relevant scheme within the meaning of regulation 2(2)(a) or (b) to whom this Chapter applies in accordance with paragraph (2) (unless the person is a pensioner member of the receiving scheme, including a person who has become a pensioner member of the receiving scheme after the transfer).

Subject to paragraph (3C), the application of this regulation and regulations 5A, 6A, 7A, 8A and 9 in respect of a member of a relevant scheme that is a qualifying collective money purchase scheme is not affected by a transfer of the member’s rights to a relevant scheme, where the member has not given consent to the transfer.

Paragraph (3B) does not apply in respect of the transfer of a member’s rights from a qualifying collective money purchase scheme to a relevant scheme (within the meaning of regulation 2(2)(a) or (b))—

If a member’s rights are transferred from a relevant scheme that is a qualifying collective money purchase scheme to a relevant scheme that is not a qualifying collective money purchase scheme (and paragraph (3B) applies in respect of the transfer of that member’s rights)—

F18This Chapter does not apply to a member of a relevant scheme that is not a collective money purchase scheme to the extent of the value of that member’s rights in an arrangement (“Arrangement A”) where—

In this regulation, “pensioner member” has the meaning given in section 124(1) of the 1995 Act.