The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 1995

• Citation: S.I. 1995/35
• Sections: 9

Section 1 Citation and commencement

These Regulations may be cited as the Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 1995 and shall come into force on 7th February 1995.

Section 2 Amendment of regulation 30 of the Occupational Pension Schemes (Contracting-out) Regulations 1984

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Section 3 Amendment of regulation 1A of the Occupational Pension Schemes (Discharge of Liability) Regulations 1985

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Section 4 Amendment of the Money Purchase Contracted-out Schemes Regulations 1987

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Section 5 Amendment of Schedule 3 to the Personal Pension Schemes (Disclosure of Information) Regulations 1987

In sub-paragraph 2(a)(i) of Schedule 3 to the Personal Pension Schemes (Disclosure of Information) Regulations 1987 for the words “Schedule 13 to the Insurance Companies Regulations 1981" there shall be substituted the words “Schedule 10 to the Insurance Companies Regulations 1994".

Section 6 Amendment of regulation 9 of the Personal and Occupational Pension Schemes (Protected Rights) Regulations 1987

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Section 7 Amendment of the Personal Pension Schemes (Appropriate Schemes) Regulations 1988

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Section 8 Amendment of regulation 6 of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991

In regulation 6 of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991 (means of assuring short service benefit)–

(a) in paragraph (3), at the end, there shall be added the words “provided the terms of such policy or contract are not capable of being amended, revoked or rescinded";

(b) in paragraph (4), for the definitions of “friendly society" and of “authorised friendly society" there shall be substituted respectively the following definitions–

“friendly society" has the same meaning as in the Friendly Societies Act 1992 (including any society which by virtue of section 96(2) of that Act is to be treated as a registered friendly society within the meaning of that Act);

“authorised friendly society" means a friendly society which is authorised under section 32 of the Friendly Societies Act 1992 to carry on long term business under any of the Classes specified in Head A of Schedule 2 to that Act.

Section 9 Revocation of the Occupational Pension Schemes (Friendly Societies) Regulations 1976

The Occupational Pension Schemes (Friendly Societies) Regulations 1976 are revoked.