# The Protected Rights (Transfer Payment) Regulations 1987, Regulation 1: Citation, commencement and interpretation


(1) These Regulations may be cited as the Protected Rights (Transfer Payment) Regulations 1987 and shall come into force —
(a) for all purposes in relation to personal pension schemes on 27th July 1987; and
(b) for all other purposes on 6th April 1988.
(2) In these Regulations, unless the context otherwise requires —
“the Act” means the Social Security Act 1986;
“the Pensions Act” means the Social Security Pensions Act 1975;
“the Abatement of Benefit Regulations” means the Personal and Occupational Pension Schemes (Abatement of Benefit) Regulations 1987;
“appropriate personal pension scheme” shall be construed in accordance with Part I of the Act;
“the Board” means the Occupational Pensions Board;
“money purchase contracted-out scheme” and “occupational pension scheme” have the meaning given to those expressions by section 66(1) of the Pensions Act;
“overseas scheme” means an occupational pension scheme which is neither one contracted-out by virtue of section 32 of the Pensions Act nor one which the Board is under a duty to supervise in accordance with section 49 of that Act, and which is administered wholly or primarily outside the United Kingdom;
“paying scheme” means a scheme which is, or was formerly —
(a) an appropriate personal pension scheme; or
(b) a money purchase contracted-out scheme,
and which gives effect to the protected rights of a member of it by making a transfer payment in respect of those rights;
“personal pension scheme” has the same meaning as in section 84(1) of the Act;
“protected rights” has the meaning given to that expression by Schedule 1 to the Act, or where the rights are under a money purchase contracted-out scheme, or a section 49 money purchase scheme, that Schedule as modified by section 32(2B) of the Pensions Act;
“salary related contracted-out scheme” means an occupational pension scheme which is contracted-out by virtue of section 32(2) of the Pensions Act;
“scheme” means occupational pension scheme or personal pension scheme;
“section 49 money purchase scheme” means a scheme, which was formerly a money purchase contracted-out scheme, and which the Board are under a duty to supervise in accordance with section 49 of the Pensions Act;
“section 49 salary related scheme” means a scheme, which was formerly a salary related contracted-out scheme, and which the Board are under a duty to supervise in accordance with section 49 of the Pensions Act;
“receiving scheme” means a scheme to which a transfer payment is, or is to be, made;
and other expressions have the same meaning as in the Act.
(3) In these Regulations, unless the context otherwise requires, any reference —
(a) to a numbered regulation or Schedule is to the regulation in, or as the case may be, Schedule to, these Regulations bearing that number;
(b) in a regulation to a numbered paragraph is to the paragraph of that regulation bearing that number; and
(c) in a paragraph to a lettered sub-paragraph is to the sub-paragraph of that paragraph bearing that letter.

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Source: https://www.legislation.gov.uk/uksi/1987/1118/regulation/1 (the official version)
Page: https://openlegislation.uk/protected-rights-transfer-payment-regulations-1987/regulation-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.