Regulation 2 Amendment of the Pension Protection Fund (Compensation) Regulations 2005

In regulation 2C of the Pension Protection Fund (Compensation) Regulations 2005^f1 (conditions subject to which periodic and lump sum compensation can be postponed), for paragraph (3) substitute—

“(3)

The second condition is that the person must not have received or be receiving—

(a)

their pension (including any lump sum entitlement) under the scheme;

(b)

any periodic compensation in respect of their rights under the scheme; or

(c)

any lump sum compensation in respect of their rights under the scheme.”.