The Pension Sharing (Safeguarded Rights) Regulations 2000

Made: 13th April 2000

Laid before Parliament: 19th April 2000

Coming into force: 1st December 2000

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Citation, commencement and interpretation

1

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Definition of contracted-out rights

2

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Requirements for schemes holding safeguarded rights

3

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Identification of safeguarded rights

4

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Valuation of safeguarded rights in money purchase schemes

5

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Ways of giving effect to safeguarded rights—money purchase schemes

6

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The pension and annuity requirements—money purchase schemes

7

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Insurance companies that may provide safeguarded rights by way of annuities

8

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Ways of giving effect to safeguarded rights—salary related schemes

9

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Payable age in salary related contracted-out schemes

10

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Investment and resources of safeguarded rights

11

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Suspension and forfeiture of safeguarded rights

12

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Signed

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

Jeff Rooker — Minister of State, — Department of Social Security — 2000-04-13

Explanatory note

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Footnotes

[^f00001]: Section 181(1) is cited because of the meaning there given to “prescribed” and “regulations”.

[^f00002]: 1993 c. 48. Sections 68A, 68B and 68D are inserted by section 36 of the Welfare Reform and Pensions Act 1999 (c. 30).

[^f00003]: See section 83(11) of the Welfare Reform and Pensions Act 1999.

[^f00004]: S.I. 2000/1054.

[^f00005]: Section 9 was amended by section 136 of, and paragraph 24 of Schedule 5 and Part III of Schedule 7 to, the Pensions Act 1995, and paragraph 35 of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2).

[^f00006]: Section 8 was amended by section 136(2) of, and paragraph 23 of Schedule 5 to, the Pensions Act 1995 and paragraph 126 of Schedule 7 to the Social Security Act 1998 (c. 14). See also regulations 6 and 7 of S.I. 1996/1461 and regulation 12 of S.I. 1996/1462.

[^f00007]: Section 28A is inserted by section 143 of the Pensions Act 1995.

[^f00008]: S.I. 1996/1537, amended by S.I. 1997/786 and S.I. 1999/3198.

[^f00009]: Section 101B is inserted by section 37 of the Welfare Reform and Pensions Act 1999.

[^f00010]: The definition of “personal pension scheme” is amended by paragraph 3(1)(a) of Schedule 2 to the Welfare Reform and Pensions Act 1999.

[^f00011]: Section 101P is inserted by section 37 of the Welfare Reform and Pensions Act 1999.

[^f00012]: Section 10 was amended by paragraph 25 of Schedule 5 to the Pensions Act 1995, and by paragraph 36 of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999.

[^f00013]: Section 8(1)(a)(i) was substituted by section 136(2) of the Pensions Act 1995.

[^f00014]: S.I. 1996/1172. The relevant amending instrument is S.I. 1997/786.

[^f00015]: S.I. 1996/1172. Regulation 45 was amended by and paragraph (3A) inserted by regulation 3(b) of S.I. 1997/819.

[^f00016]: Sections 28A and 28B were inserted by section 143 of the Pensions Act 1995. Section 28B was amended by paragraph 41 of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999.

[^f00017]: S.I. 1996/1537 as amended by S.I. 1997/786.

[^f00018]: 1982 c. 50, as amended by the European Economic Area Act 1993 (c. 51).

[^f00019]: Section 1 was amended by S.I. 1990/1159.

[^f00020]: 1992 c. 40. Section 32 was amended by S.I. 1994/1984.

[^f00021]: Section 2 was amended by regulation 2(a) of S.I. 1987/2130, section 300(2) of, and paragraph 31 of Schedule 2 to the Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52), regulation 4(2) of S.I. 1994/1696 and regulation 3(1) of S.I.1994/3132.

[^f00022]: There are amendments to section 96(1) which are not relevant to these Regulations.

[^f00023]: Schedule 2F was inserted by S.I. 1996/1696.

[^f00024]: Section 9(2B) was inserted by section 136(3) of the Pensions Act 1995, and was amended by paragraph 35(2)(a) and (b) of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999.

[^f00025]: S.I. 2000/1053.

[^f00026]: 1988 c. 1.

[^f00027]: Section 611A(1) was inserted by section 75 of, and paragraphs 1, 15 and 18(1) of Part I of Schedule 6 to, the Finance Act 1989 (c. 26).

[^f00028]: S.I. 2000/1049.

Editorial notes

[^key-527f36e778834b06163dda50908dda7f]: Instrument revoked (6.4.2009) by Pensions Act 2008 (Abolition of Safeguarded Rights) (Consequential) Order 2009 (S.I. 2009/598), art. 9

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