Regulation 1 Citation, commencement and interpretation

These Regulations may be cited as the Personal and Occupational Pension Schemes (Incentive Payments) Regulations 1987, and regulation 2 and this regulation shall come into force on 4th January 1988 and the remainder of these regulations on 6th April 1988.

In these Regulations, unless the context otherwise requires—

• “the Act” means the Social Security Act 1986;

• “centralised scheme” means an occupational pension scheme for whose benefits earners in employments under different employers qualify by virtue of their respective service in those employments and which is either a money purchase contracted-out scheme or a scheme for which there is a common fund;

• “employer” includes a person who, by virtue of regulations 1(4) and (5) and 14 to 16 of the Occupational Pension Schemes (Contracting-out) Regulations 1984 M1, is treated as an employer for the purpose of those Regulations;

• “scheme”, except in the expression “personal pension scheme”, means occupational pension scheme;

and other expressions have the same meaning as in the Social Security Pensions Act 1975 M2.

In these Regulations, unless the context otherwise requires, any reference—