Paragraph 10 I1
Northern Ireland
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.
The accrued rights of members who do not respond to the applicable scheme within 8 weeks after the date on which they received the invitation referred to in sub-paragraph (1) must remain in an arrangement which—
meets the conditions for use as the default arrangement of the applicable scheme, and
complies with Chapter 1f1 (default arrangements, non-contributing members and payments to advisers) of Part 2 (restrictions on charges) of the Charges and Governance Regulations.
Annotations
Commencement
- I1
Sch. 5 para. 10 in operation at 27.3.2024, see reg. 1
Footnotes
- f1
-
Chapter 1 was inserted by regulation 6(3) of S.R. 2021 No. 272