# Pension Schemes Act 1993, Section 24F: Transfer out


(1) Regulations may prescribe—
(a) restrictions on the transfer of the earner's accrued rights under a GMP-converted schemeaccrued rights of a person in relation to whom GMP conversion has been effected;
(b) conditions which must be complied with on the transfer of the earner's accrued rights under a GMP-converted schemeaccrued rights of a person in relation to whom GMP conversion has been effected.
(2) Section 20(2) and (5) shall apply to regulations under this section.
(3) Where a member of a non-GMP-converted scheme makes an application under section 95(1), the trustees may with his consent adjust any ... cash equivalent so as to reflect rights that would have accrued if the scheme had been subject to GMP conversion in accordance with Conditions 1 to 4 of section 24B.
Where—
(a) a member of a scheme makes an application under section 95(1), and
(b) GMP conversion has not been effected in relation to the member,
the trustees may with the member’s consent adjust any cash equivalent so as to reflect rights that would have accrued if GMP conversion had been effected in relation to the member in accordance with Conditions 1 to 4 of section 24B.

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Source: https://www.legislation.gov.uk/ukpga/1993/48/section/24F (the official version)
Page: https://openlegislation.uk/pension-schemes-act-1993/section-24F
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.