The Occupational and Personal Pension Schemes (Transfer Values) (Amendment and Revocation) Regulations 2015
These Regulations make amendments to secondary legislation in consequence of the Pension Schemes Act 2015 c.8 (“the 2015 Act”) and revoke the Transfer Values (Disapplication) Regulations 2010 (S.I. 2010/6) (“the 2010 Regulations”), which apply to members of the pension scheme established by the Secretary of State under section 67(1) of the Pensions Act 2008 (c.30). Part 4 and Schedule 4 of the 2015 Act provide greater flexibility to pension scheme members when accessing and transferring pension rights.
Lifecycle
Department
Made
03 Mar 2015
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Comes into force
TBC
Enabling power
Except in relation to regulation 14, by virtue of section 185(2)(d) of the Pension Schemes Act 1993these Regulations were not subject to consultation, because in this case it appeared to the Secretary of State that by reason of urgency consultation was considered inexpedient. In the case of regulation 14, in accordance with section 185(1) of the Pension Schemes Act 1993, the Secretary of State has consulted such persons as the Secretary of State considers appropriate.
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