Regulation 16 Accrued rights, or liabilities in respect of accrued rights, transferred without consent
England, Wales and Scotland
This regulation applies where—
a member has acquired a right under section 94 of the 1993 Act to a cash equivalent but has not exercised the option conferred by section 95 of that Act; and
the member’s accrued rights have been transferred to another scheme without that member’s consent.
Where this regulation applies, F1Chapter 1 of Part 4ZA of the 1993 Act shall have effect as if the member’s right to a cash equivalent of the benefits in respect of which a transfer or transfer payment has been made existed in relation to the receiving scheme instead of the transferring scheme.
Annotations
Textual amendments
- F1
Words in reg. 16(2) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Transfer Values) (Amendment and Revocation) Regulations 2015 (S.I. 2015/498), regs. 1(2), 6(4)