Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Pension Sharing (Pension Credit Benefit) Regulations 2000

Consolidated Text As Enacted Cited authorities 86 Cited in Amendments 45 Related
Vincent
JurisdictionUK Non-devolved
CitationSI 2000/1054
Year2000
(1) These Regulations may be cited as the Pension Sharing (Pension Credit Benefit) Regulations 2000 and shall come into force on 1st December 2000.(2) In these Regulations—section 22 of the Financial Services and Markets Act 2000;any relevant order under that section; andSchedule 2 to that Act.
  • the only benefit provided by which (other than money purchase benefits) are death benefits; and
  • under the provisions of which no member has accrued rights (other than rights to money purchase benefits) .
  • those which permit payment of a lump sum in accordance with paragraph (a) , (b) ,
  • made by a registered pension scheme (within the meaning given in section 150(2) of the Finance Act 2004 (meaning of “pension scheme”) ) ;
  • a payment that is described in Part 2 of the Registered Pension Schemes (Authorised Payments) Regulations 2009; and
  • made to or in respect of a member.
  • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    • (1) The prescribed means by which a person’s pension credit benefit under a scheme must be assured for the purposes of section 101D(1) (b) of the 1993 Act (form of pension credit benefit and its alternatives) is by means of a transaction to which section 19 of the 1993 Act (discharge of liability where guaranteed minimum pensions are secured by insurance policies or annuity contracts) applies.(2) A transaction referred to in paragraph (1) must satisfy the requirements of regulation 12, 13 or 14 (discharge of liability where pension credit benefit or alternative benefits are secured by insurance policies or annuity contracts, conditions on which insurance policies and annuity contracts may be commuted, or other requirements applying to insurance policies and annuity contracts) .a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance; .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .section 22 of the Financial Services and Markets Act 2000;any relevant order under that section; andSchedule 2 to that Act.(1) The prescribed alternatives to

    To continue reading

    Request your trial
    Navigation index

    VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT