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The Protected Rights (Transfer Payment) Amendment Regulations 1994

S.I. 1994/1751 · Made 4 July 1994

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

PENSIONS

Made 4th July 1994

Laid before Parliament 8th July 1994

Coming into force 29th July 1994

The Secretary of State for Social Security, in exercise of the powers conferred by sections 28(2)(b) and 182(2) and (3) of the Pension Schemes Act 1993f1, and of all other powers enabling him in that behalf, after considering the report of the Occupational Pensions Board on the proposals made to themf2, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1993 c. 48. Seedefinitions of “prescribe” and “regulations” in section 181(1).

f2

Seesection 185 of the Pension Schemes Act 1993 (c. 48).

Contents

  1. 1Citation and commencement
  2. 2Amendment of Schedule 1 to the Protected Rights (Transfer Payment) Regulations 1987
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Protected Rights (Transfer Payment) Amendment Regulations 1994 and shall come into force on 29th July 1994.

2Amendment of Schedule 1 to the Protected Rights (Transfer Payment) Regulations 1987

In Schedule 1 to the Protected Rights (Transfer Payment) Regulations 1987f1 at the end of paragraphs 2, 3 and 4 there shall be added the words “or the member has previously been a member of the receiving scheme.”.

Signature

Signed by authority of the Secretary of State for Social Security.

William Hague

Parliamentary Under–Secretary of State,

Department of Social Security

4th July 1994

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the Protected Rights (Transfer Payment) Regulations 1987. They make provision so as to allow, in certain circumstances, the transfer of a person’s protected rights into an occupational pension scheme in respect of which that person has previously been a member even though he is not entering employment in relation to that scheme.

The report of the Occupational Pensions Board on the draft of these Regulations which was referred to them is contained in Command Paper Cm. 2620 published by Her Majesty’s Stationery Office.

These Regulations do not impose any costs on business.