The Occupational Pension Schemes (Discharge of Protected Rights on Winding Up) Regulations 1996

Made: 13th March 1996

Laid before Parliament: 15th March 1996

Coming into force: 6th April 1996

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Citation, commencement and interpretation

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Conditions subject to which effect may be given to protected rights of a member of a scheme on winding up by insurance policies

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Requirements applying to insurance companies

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Conditions on which policies of insurance may be surrendered

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Conditions on which appropriate policies of insurance may be commuted

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Other requirements applying to policies of insurance

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SCHEDULE — INFORMATION TO BE SPECIFIED IN THE WRITTEN NOTICE

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Signed

Signed by authority of the Secretary of State for Social Security.

Oliver Heald — Parliamentary Under-Secretary of State, — Department of Social Security — 13th March 1996

Explanatory note

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Footnotes

[^f00001]: 1993 c. 48. Section 32A was inserted into the Pension Schemes Act 1993 by section 146 of the Pensions Act 1995 c. 26. Section 181(1) is cited because of the meaning ascribed to “prescribed” and “regulations”.

[^f00002]: 1995 c. 26.

[^f00003]: See section 185(6) of the Pension Schemes Act 1993 and section 173(5) of the Social Security Administration Act 1992 (c. 5) under which the requirement to consult does not apply where regulations are consequential upon a specific enactment and are made before the end of the period of six months beginning with the coming into force of that enactment.

[^f00004]: 1982 c. 50.

[^f00005]: Section 2(6) was inserted by regulation 4(2) of S.I. 1994/1696.

[^f00006]: 1992 c. 40.

Requirements applying to insurers

Conditions upon which appropriate policies of insurance may be commuted

Editorial notes

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