# Social Security Act 1986, Paragraph 8

Extent: E+W+S

The rules shall provide for effect to be given to the protected rights of a member—
(a) in any case where sub-paragraph (2) of paragraph 9 below so requires, by the purchase of such an annuity as is mentiioned in that sub-paragraph, and
(b) in any other case, in such of the ways permitted by that paragraph as the rules specify,
and they shall not provide for any part of a member’s protected rights to be discharged otherwise than in accordance with that paragraph.
(4) The value of protected rights such as are mentioned in sub-paragraph (2) above—
(a) shall be calculated in a manner no less favourable than that in which the value of any other rights of the member to money purchase benefits under the scheme are calculated;
(b) subject to that, shall be calculated and verified in such manner as may be prescribed.
(5) The power to make regulations conferred by sub-paragraph (4) above included power to provide that protected rights such as are mentioned in sub-paragraph (2) above are to be calculated and verified in such manner as may be approved in particular cases—
(a) by prescribed persons; or
(b) by persons with prescribed professional qualifications or experience; or
(c) by persons approved by the Secretary of State,
and power to provide that they shall be calculated and verified in accordance with guidance prepared by a prescribed body.

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Source: https://www.legislation.gov.uk/ukpga/1986/50/schedule/1/crossheading/requirements-protected-rights/paragraph/8n1 (the official version)
Page: https://openlegislation.uk/social-security-act-1986/schedule-1/crossheading-requirements-protected-rights/paragraph-8n1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.