The Personal and Occupational Pension Schemes (Protected Rights) Regulations 1996

Made: 12th June 1996

Laid before Parliament: 19th June 1996

Coming into force: 6th April 1997

The Secretary of State for Social Security, in exercise of the powers conferred upon him by sections 9(3) and (5), 10(2) and (3), 27(3), 28(1A) and (2) to (5), 28A(3) and (5), 29(1), (3) and (4), 32, 155, 181(1), 182(2) and (3) and 183(3) of the Pension Schemes Act 1993 and of all other powers enabling him in that behalf, after agreement with the Occupational Pensions Board that certain proposals within these Regulations need not be referred to it, by this instrument, which otherwise contains regulations made for the purposes of consolidating regulations revoked herein and regulations which are consequential upon Part III of the Pensions Act 1995 and are made before the end of the period of 6 months beginning with the coming into force of the enactments of that Part by virtue of which they are made, hereby makes the following regulations:

Citation, commencement and interpretation

1

• (1) These Regulations may be cited as the Personal and Occupational Pension Schemes (Protected Rights) Regulations 1996 and shall come into force on 6th April 1997.

• (2) ... In these Regulations, unless the context otherwise requires—

“the 1993 Act” means the Pension Schemes Act 1993;

...

“child benefit” has the same meaning as in the Social Security Contributions and Benefits Act 1992 ;

“income withdrawal” has the meaning given by paragraph 7 of Schedule 28 to the Finance Act 2004;

“lifetime annuity” has the meaning given by paragraph 3 of Schedule 28 to the Finance Act 2004;

“marital or civil partnership status”, in relation to a person, means whether that person has previously formed a marriage or a civil partnership and, if so, whether that marriage or civil partnership has ended;

“member” means member of an occupational pension scheme or a personal pension scheme;

“money purchase contracted-out scheme” has the same meaning as in section 8(1)(a)(ii) of the 1993 Act;

“normal pension age” has the meaning given in section 180 of the 1993 Act;

“pensionable age” has the meaning given by the rules in paragraph 1 of Part I of Schedule 4 to the Pensions Act 1995;

“principal appointed day” means the day designated as the principal appointed day for the purposes of Part III of the Pensions Act 1995;

“scheme” means an occupational pension scheme or a personal pension scheme; ...

“scheme pension” has the meaning given by paragraph 2 of Schedule 28 to the Finance Act 2004; and

“the scheme pension purchase price” has the meaning given by paragraph 3(7B) of Schedule 29 to the Finance Act 2004;

“section 9(2B) rights” are—

“specified pension or annuity” means any pension or annuity which became a pension or annuity in payment before 6th April 2005.

• (3) In these Regulations, except in so far as the context otherwise requires, any reference—

• (a) to a regulation is to the regulation in these Regulations bearing that number;

• (b) in a regulation to a numbered paragraph is to the paragraph of that regulation bearing that number; and

• (c) in a paragraph to a lettered sub-paragraph is to the sub-paragraph of that paragraph bearing that letter.

Manner of calculation and verification of protected rights

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Options under section 10(2) and (3) of the 1993 Act for schemes to designate which rights are protected rights

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Conditions applying to pensions and annuities which give effect to protected rights

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Circumstances in which and periods for which pension or annuity is to be paid to widow or widower after being paid to member

5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interim arrangements

6

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Payments made under interim arrangements

7

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Giving effect to protected rights by the provision of a lump sum

8

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Suspension and forfeiture of payments giving effect to protected rights

9

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Choice of insurance company by annuitant

10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Insurance companies that may provide protected rights by way of annuities

11

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Death of member before effect given to his protected rights

12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Death before effect given to protected rights: interim arrangements for widow, widower or surviving civil partner

13

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enforceable entitlement after death of member

14

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Further requirements in respect of giving effect to protected rights

15

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Personal pension schemes—notifications to the Secretary of State

16

• (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tax-exemption and tax-approval

17

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Revocations

18

The Regulations set out in column (1) of the Schedule are revoked to the extent mentioned in column (3) of that Schedule.

SCHEDULE — REVOCATIONS

Signed

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

Oliver Heald — Parliamentary Under-Secretary of State, — Department of Social Security — 12th June 1996

Explanatory note

(This note is not part of the Regulations)

Footnotes

[^f00001]: 1993 c. 48 as amended by Part III of the Pensions Act 1995 (c. 26). See definition in section 181(1) of “prescribed” and “regulations”.

[^f00002]: 1995 c. 26.

[^f00003]: See section 185 of the Pension Schemes Act 1993 and section 173 of the Social Security Administration Act 1992 (c. 5), under which the requirement to consult does not apply where regulations are made only for the purpose of consolidating other regulations revoked by them or 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]: 1992 c. 4. See Part IX of that Act.

[^f00005]: Section 9(2B) was inserted by section 136(3) of the Pensions Act 1995.

[^f00006]: The publication “Retirement Benefit Schemes—Transfer Values (GN11)” may be obtained from the Institute of Actuaries, Staple Inn Hall, High Holborn, London WC1V 7QJ and from the Faculty of Actuaries, 23 St. Andrew Square, Edinburgh EH2 1AQ.

[^f00007]: Section 7 is saved by section 189 and paragraph 22 of Schedule 6 to the Pension Schemes Act 1993.

[^f00008]: S.I. 1987/1115.

[^f00009]: Section 42A was inserted by section 137(5) of the Pensions Act 1995.

[^f00010]: S.I. 1996/1172.

[^f00011]: S.I. 1988/137; relevant amending instrument is S.I. 1996/1435.

[^f00012]: 1988 c. 1. Section 649 was amended by section 190 and paragraph 20 of Schedule 8 to the Pension Schemes Act 1993.

[^f00013]: Section 28 was amended by section 142 of the Pensions Act 1995.

[^f00014]: Section 28A was inserted by section 143 of the Pensions Act 1995.

Editorial notes

[^c1690627]: 1993 c.48 as amended by Part III of the Pensions Act 1995 (c.26).See definition in section 181(1) of “prescribed” and “regulations”.

[^c1690628]: 1995 c.26.

[^c1690629]: See section 185 of the Pension Schemes Act 1993 and section 173 of the Social Security Administration Act 1992 (c.5), under which the requirement to consult does not apply where regulations are made only for the purpose of consolidating other regulations revoked by them or 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.

[^c1690630]: 1992 c.4.See Part IX of that Act.

[^key-01af41b7a3c997433fde1ee811ffb007]: Reg. 15 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(l)

[^key-02dfc60c005d8fd130d35ab72fa4ece6]: Reg. 5 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(d)

[^key-04be635c5a422b8a8da8d99f84a99fe6]: Words in reg. 13 substituted (5.12.2005) by Civil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) Order 2005 (S.I. 2005/2050), art. 1(3), Sch. 2 para. 32(a)

[^key-24be9490cd058240f162939fd4b5d576]: Reg. 3 revoked (6.4.2012) by The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(a), 10(b)

[^key-2c3407a0717a89ccb452123383bf8c5b]: Words in reg. 1(2) inserted (6.4.2005) by Personal and Occupational Pension Schemes (Indexation and Disclosure of Information) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/704), regs. 1(2), 3(b)

[^key-319effb5952c461fee352f5b5d8c0c0b]: Reg. 6 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(e)

[^key-36907e71fb6ef77bee56dd84acaa2bd6]: Reg. 14 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(k)

[^key-3c1aa62467d090b79947e56f53c9fa67]: Reg. 9 revoked (6.4.2012) by The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(a), 10(c)

[^key-548c04181cfc3ae0a9cc5988fa9da476]: Reg. 16(2) revoked (6.4.2012) by The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(a), 10(d)

[^key-6ba574b48a47fc0e5631cd2cf2ec0d51]: Words in reg. 1(2) inserted (6.4.2007) by Taxation of Pension Schemes (Protected Rights and Pension Commencement Lump Sums) (Amendment) Order 2007 (S.I. 2007/829), arts. 1, 4(a)

[^key-756a4b616e8f686003e5e241c9e10969]: Words in reg. 1(2) inserted (5.12.2005) by Civil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) Order 2005 (S.I. 2005/2050), art. 1(3), Sch. 2 para. 26

[^key-75c4a3a289513d71606b112274c87419]: Reg. 4 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(c)

[^key-84f890b6153bedf7fdd6afd60aad90ff]: Reg. 2 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(b)

[^key-9f7fa0c0ce684486f55cb1a12f373ad0]: Reg. 16(1) revoked (6.4.2013) by The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(b), 26(b)

[^key-a918609d3eb5bd5ecaab040b4c1fe61f]: Word in reg. 1(2) omitted (6.4.2005) by virtue of Personal and Occupational Pension Schemes (Indexation and Disclosure of Information) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/704), regs. 1(2), 3(a)

[^key-b98dd6456baba85af92811979284167a]: Words in reg. 1(2) omitted (1.10.2008) by virtue of Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050), reg. 1(1), Sch. 2 para. 2(a)

[^key-bb69dfdf2cd0f1cdd2114ff7bddc788e]: Reg. 12 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(i)

[^key-d85fd6b9c2b6a24e960bc8067bf74c47]: Reg. 10 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(g)

[^key-e0430bba70e4580c5119ca7a9241a753]: Words in reg. 1(2) deleted (30.12.1999) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1999 (S.I. 1999/3198), regs. 1(1), 12

[^key-e355b12acd7b036a170bb45279307368]: Reg. 7 omitted (6.4.2006) by virtue of Taxation of Pension Schemes (Consequential Amendments) Order 2006 (S.I. 2006/745), arts. 1, 21(2)

[^key-e7fc72b1ac881c4cc7c974f95c9c64d3]: Words in reg. 1(2) substituted (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), reg. 1, Sch. 1 para. 9(2)

[^key-f782988d659ec30e951ac1747551899f]: Reg. 1(2) revoked in part (6.4.2013) by The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(b), 26(a)

[^key-f89c01194d33092057ffd7dd16e81a05]: Reg. 17 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(m)

[^key-f93d93338b1cbcef13919f7d287889c4]: Reg. 13 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(j)

[^key-fb7fd3d628e69a974ced28b8f07feb4b]: Reg. 11 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(h)

[^key-fd239f376e9ebca9098477d2dbbd604b]: Reg. 8 revoked (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 7(f)

[^M_C_4d969c3d-6a80-468b-bdf3-4024f8e5f5cf]: Regulations: transfer of functions (except for reg. 4(3)) (1.4.1999) by Social Security Contributions (Transfer of Functions, etc. ) Act 1999 (c. 2), ss. 1(2), 28(3), Sch. 2; S.I. 1999/527, art. 2(b), Sch. 2

[^M_F_7e3455e6-7d6e-4934-c4b9-5258e4182054]: Reg. 1(2) revoked in part (6.4.2012) by S.I. 2011/1245, art. 1(2)(a), 7(a)

[^M_F_ccbb7f90-f622-47b0-af39-50ed5b4c3294]: Reg. 1(2) revoked in part (6.4.2012) by S.I. 2011/1246, art. 1(2)(a), 10(a)