Regulation 12 Application of transfer payments to a personal pension scheme where a “nil” lump sum certificate is heldI1

a personal pension scheme has accepted a transfer payment in accordance with regulation 7, and

the administrator of the scheme holds a certificate given under any of the certificating requirements with regard to the transfer payment or any other event, showing that no amount is payable out of that payment by way of lump sum to the individual in respect of whom the transfer payment was made on his pension date,