# The Occupational Pension Schemes (Transfer Values) Regulations 1996, Paragraph 10


Where all or any of a member’s benefits have been appropriately secured, the initial cash equivalent in respect of those benefits must be reduced so that the cash equivalent is nil.

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Source: https://www.legislation.gov.uk/uksi/1996/1847/schedule/1A/paragraph/10 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-transfer-values-regulations-1996/schedule-1A/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.