Regulation 7 Procedure for discharging on winding up rights of members with whom the trustees or manager have lost contactI1

Northern Ireland Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 7 coming into force by Stakeholder Pension Schemes 2000 reg. 1(2)
reg. 12(5(a)(i) words substituted by Stakeholder Pension Schemes 2005 reg. 2(7)
reg. 7(1) substituted by Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2010 reg. 4(4)

(1)

This regulation applies in respect of any member whose address for the time being is not known to the trustees or manager and in respect of whom—

(a)

correspondence sent by them to the member at his last address known to them has been returned undelivered, and

(b)

no contribution has been made to the scheme by him or on his behalf during the 2 years preceding the commencement of winding up of the scheme.

(2)

In cases where this regulation applies, the trustees or manager shall on the winding up of the scheme make a transfer payment in respect of the member’s rights to their choice of a stakeholder pension scheme, or to a scheme registered under section 2 of the 1999 Act and need give no notice of the transfer payment to the member either before or after it is made.

Annotations

Commencement

I1: Reg. 7 in operation at 1.10.2000, see reg. 1(2)