Part 7 Pension Protection Fund Compensation etc

Part 7 Pension Protection Fund Compensation etc

PPF compensation to be included in matters to which court is to have regard

30

(1)     The matters to which a court is to have regard under paragraph 21(2)(a) include any PPF compensation to which a civil partner is or is likely to be entitled; and, accordingly, in relation to any PPF compensation paragraph 21(2)(a)(ii) has effect as if “in the foreseeable future†were omitted.

(2)     The matters to which a court is to have regard under paragraph 21(2)(h) include any PPF compensation which, because of the making of a dissolution or nullity order, a civil partner will lose the chance of acquiring entitlement to.

(3)     . . .

Assumption of responsibility by PPF Board in paragraph 25(2) cases

31

(1)     This paragraph applies to an order under Part 1 so far as it includes provision made by virtue of paragraph 25(2) which—

(a)     imposed requirements on the trustees or managers of an occupational pension scheme for which the Board has assumed responsibility, and

(b)     was made before the trustees or managers received the transfer notice.

(2)     From the time the trustees or managers of the scheme receive the transfer notice, the order has effect—

Powered by Lexis+®

Popular documents