Explanatory note

These Regulations are all made under the Social Security Act 1986 before the end of a period of 12 months from the commencement of the relevant sections of that Act. Consequently, by virtue of section 61(5) of that Act, the provisions of section 61(2) and (3) of the Social Security Pensions Act 1975 (as amended by section 86(1) of, and paragraph 94 of Schedule 10 to, the Social Security Act 1986), which require reference to the Occupational Pensions Board of, and a report by the Board on, proposals to make regulations for certain purposes of both Acts, do not apply to them.

Section 17(1) of the Social Security Act 1986 gives power to make regulations providing that provisions of the Social Security Act 1973 and the Social Security Acts 1975 to 1986 which relate to occupational pension schemes—

These Regulations make certain provisions of the Social Security Act 1973 and the Social Security Pensions Act 1975 apply to personal pension schemes, subject to specified modifications, and make other modifications of those Acts in consequence of Part I of the Social Security Act 1986.