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Regulation 11 Adjustment of tables

Original text. Later amendments are not shown.

(1)

The tables in Schedules 1 to 5 shall be adjusted in accordance with the provisions of this regulation.

(2)

In relation to guaranteed minimum pensions or parts of guaranteed minimum pensions which accrued before 6th April 1988, the appropriate figure from the tables shall be multiplied by the monthly market level indicator relating to the month in which the event giving rise to the liability for the premium occurred and divided by 100.

(3)

In relation to guaranteed minimum pensions or parts of guaranteed minimum pensions accruing after 5th April 1988, the appropriate figurec from the tables shall be multiplied by the monthly market level indicator relating to the month in which the event giving rise to the liability from the premium occurred and divided by the average market level indicator.

(4)

In paragraphs (2) and (3) of this regulation, references to guaranteed minimum pensions include references to guaranteed minimum pensions to which a person is, or is prospectively entitled or treated as entitled.