OpenLegislation

Regulation 205 Forfeiture and set-off: procedureI1

Scotland

(1)

If the pension supervising authority proposes to require the scheme manager to withhold benefits or apply a set-off against a person’s entitlement to benefits, the pension supervising authority must notify the person of the proposal in writing.

(2)

If the scheme manager withholds benefits under regulation 203 (forfeiture: relevant monetary obligations and relevant monetary losses) or applies a set-off against an entitlement to benefits under regulation 204 (set-off), the scheme manager must give the member a certificate showing—

(a)

the amount withheld or set off; and

(b)

the effect of the withholding or set-off on the member’s benefits under this scheme.

Annotations

Commencement

I1

Reg. 205 in force at 1.4.2015, see reg. 1