# The Personal Pension Schemes (Transfer Payments) Regulations 2001, Regulation 4: Basic obligations

Extent: E+W+S+N.I.

(1) Subject to paragraph (2) and regulation 8, where the administrator of a personal pension scheme is requested so to do in writing by an individual who is a member of the scheme, he shall make a transfer payment from the scheme to—
(a) another personal pension scheme; or
(b) an approved retirement benefits scheme of which the individual is an existing scheme member (otherwise than in relation to the transfer payment); or
(c) a relevant statutory scheme of which the individual is an existing scheme member (otherwise than in relation to the transfer payment);
but not to any other approved retirement benefits scheme or relevant statutory scheme.
(2) The transfer payment shall, in respect of arrangements made by the individual in accordance with the scheme which are (wholly or partly) the subject of the transfer request, comprise the whole of the accumulated funds held in connection with those arrangements except that, where the fund—
(a) includes protected rights, or
(b) has been, or will be, used to pay a personal pension protected rights premium,
the amount of the funds which represents those rights or has been, or will be, so used may be excluded from the transfer payment.
(3) Before making a transfer payment the administrator shall take all reasonable steps to ensure that the payment is being made to a scheme referred to in paragraph (1)(a) to (c).
(4) The reference in the words of paragraph (1) preceding sub-paragraph (a) to an individual who is a member of a scheme shall be treated as including a reference to a surviving spouse or dependant mentioned in regulation 14(3)(c).

---
Source: https://www.legislation.gov.uk/uksi/2001/119/regulation/4 (the official version)
Page: https://openlegislation.uk/personal-pension-schemes-transfer-payments-regulations-2001/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.