OpenLegislation

Regulation 16 Accrued rights, or liabilities in respect of accrued rights, transferred without consentI1

Northern Ireland Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

This regulation applies where—

(a)

a member has acquired a right under section 90 to a cash equivalent but has not exercised the option conferred by section 91; and

(b)

the member’s accrued rights have been transferred to another scheme without that member’s consent.

(2)

Where this regulation applies, Chapter IV of Part IV of the 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

Commencement

I1

Reg. 16 in operation at 6.4.1997, see reg. 1(1)