Regulation 7 Funded pension schemesI1

Northern Ireland Not yet in force

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

reg. 7 coming into force by Pension Sharing (Implementation and Discharge of Liability) 2000 reg. 1(1)
reg. 7(2)(a) words substituted by Pension Sharing (Consequential and Miscellaneous Amendments) 2000 reg. 11(4)(a)
reg. 7(2)(b) substituted by Pension Sharing (Consequential and Miscellaneous Amendments) 2000 reg. 11(4)(b)

(1)

The circumstances in which the trustees or managers of a scheme, to which paragraph 1 of Schedule 5 applies, may discharge their liability in respect of a pension credit in accordance with sub-paragraph (2)(b) of that paragraph are where—

(a)

the person entitled to the credit has failed to provide his consent in accordance with paragraph 1(2)(a) and (4) of Schedule 5, and

(b)

the circumstances set out in paragraph 1(3) of Schedule 5 do not apply.

(2)

(a)

the person entitled to the credit has failed to provide his consent in accordance with paragraph 1(2)(a) of Schedule 5, and

(b)

the trustees or managers of the scheme have not discharged their liability in accordance with paragraph (1).

Annotations

Commencement

I1: Reg. 7 in operation at 1.12.2000, see reg. 1(1)