[39B Section 39A: supplemental]
Pensions Act 2004 (2004 c 35) | Legislation

[39B  Section 39A: supplemental]

[(1)     In section 39A a “transferee scheme”, in relation to any time, means any work-based pension scheme—

(a)     to which the accrued rights of at least two persons who were members of the initial scheme have been transferred, and

(b)     of which any of those persons are members at that time.

(2)     For the purposes of section 39A(1) and subsection (1) above it does not matter whether any rights are transferred to a work-based pension scheme directly from the initial scheme or following one or more other transfers to other work-based pension schemes.

(3)     For the purposes of section 39A and this section references to the transfer of accrued rights of members of a pension scheme to another pension scheme include references to the extinguishing of those accrued rights in consequence of the obligation to make a payment, or transfer

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