Section 2 Transfer and revaluation.

to introduce a premium payable in certain cases where an earner ceases to be in employment to which an occupational pension scheme applies and there is a transfer of his accrued rights;

to provide for the extinguishment of the liability of schemes to provide benefits which are secured by policies of insurance or annuity contracts;

to make further provision as to the revaluation of benefits under schemes; and

to ensure that schemes provide transfer values for their members.