# The Pension Protection Fund (General and Miscellaneous Amendments) Regulations 2006, Regulation 4A: Power to pay certain transfer payments and contribution refunds


(1) The Board must pay 90% of the rights described in paragraph (2) in the circumstances prescribed in paragraph (3).
(2) The rights are—
(a) any transfer payment; and
(b) any payment in respect of a refund of contributions,
to which a member of the scheme was entitled immediately before the commencement of the assessment period.
(3) The circumstances are that—
(a) the Board assumes responsibility for a scheme in accordance with Chapter 3 of Part 2 of the Act;
(b) the circumstances and conditions prescribed in—
(i) regulation 16(1) of the Entry Rules Regulations (restrictions on winding up, discharge of liabilities etc ); or
(ii) regulation 2 of the Pension Protection Fund (Hybrid Schemes) (Modification) Regulations 2005 (discharge of liabilities in respect of money purchase benefits during the assessment period),
were met in respect of the rights;
(c) the rights remained unpaid at the time the transfer notice was received by the trustees or managers of the scheme; and
(d) the member sends the Board a written request to make a payment in respect of the rights.

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Source: https://www.legislation.gov.uk/uksi/2006/580/regulation/4A (the official version)
Page: https://openlegislation.uk/pension-protection-fund-general-and-miscellaneous-amendments-regulations-2006/regulation-4A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.