Explanatory note

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.