Explanatory note

These Regulations contain only provisions which are consequential on enactments contained in the Social Security Act 1986 and are made before the end of a period of 12 months from the commencement of those enactments. Consequently, by virtue of section 61(5) of that Act, the provisions of section 68(1) and (2) of the Social Security Act 1973 and section 61(2) and (3) of the Social Security Pensions Act 1975, which require reference to the Occupational Pensions Board of, and a report by the Board on proposals to make regulations under Part II of the Act of 1973 and proposals to make regulations for the purposes of Part III or IV of the Act of 1975 respectively, do not apply to them.

The Social Security Act 1986 introduces the concepts of personal pension schemes, money purchase contracted-out schemes, and guaranteed minimum pensions for widowers; and these Regulations make amendments, which are consequential on the introduction of those concepts, to the Occupational Pensions Board (Determinations and Review Procedure) Regulations 1973, the Occupational Pensions Board (Determinations and Review Procedure) Regulations 1976, the Occupational Pension Schemes (Contracting-out) Regulations 1984, the Contracting-out (Protection of Pensions) Regulations 1984, the Contracting-out (Transfer) Regulations 1985, the Occupational Pension Schemes (Discharge of Liability) Regulations 1985, and the Occupational Pension Schemes (Transfer Values) Regulations 1985.