Regulation 12 Transitional protection for stand-alone lump sums to continue after the Accrued Rights TransferI1
United Kingdom
(1)
Paragraph (2) applies where—
(a)
the RMPP was entitled to pay a stand-alone lump sum under article 25(3) (stand-alone lump sums: definition) of the Transitional Provisions Order to an individual which, if it had been paid, would have been a stand-alone lump sum paid in circumstances where article 25B(4) (circumstance C) applied; and
(b)
the Accrued Rights Transfer has taken place.
(2)
The Transfer is to be treated as a block transfer within the meaning of paragraph 22(6) of Schedule 36 for the purposes of article 25D(4)(c) of the Transitional Provisions Order.
Annotations
Commencement
- I1
Reg. 12 in force at 1.4.2012, see reg. 1(1)