125 Restriction on purchase of annuities
Pensions Act 2008 (2008 c 30) | Legislation

125  Restriction on purchase of annuities

(1)     After section 286 of the Pensions Act 2004 (c 35) insert—

“286A Restriction on purchase of annuities

(1)     This section applies to any qualifying pension scheme which has not been fully wound up.

(2)     The trustees of the scheme must not purchase or agree to purchase annuities on behalf of qualifying members unless—

(a)     before 26 September 2007 the trustees entered into a binding commitment to purchase the annuities, or

(b)     the purchase of the annuities is approved by the scheme manager on the application

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Serving outside the jurisdiction with court permission—application and order

This Practice Note addresses issues when serving out of the jurisdiction and the permission of the court is required. It explains how to make an application and the form of order required. An application to serve out of the jurisdiction is generally made without notice and on the papers. Key

LEXISNEXIS

Notice of assignment

notice of [assignment OR transfer]To: [insert name of landlord][of [insert address] OR whose registered office is at [insert address] Company number [insert number]][and][To: [insert name of head landlord]][of [insert address] OR whose registered office is at [insert address] Company number [insert

LEXISNEXIS

Sentencing fraud offences committed by individuals

Sentencing fraud offences committed by individualsThe Sentencing Council (SC) has produced sentencing guidelines for fraud offences under the Fraud Act 2006 (fraud by false representation, fraud by failing to disclose information and fraud by abuse of position), false accounting under section 17 of

LEXISNEXIS

Notice to complete

While this Practice Note primarily covers commercial property matters, it also touches on residential considerations.Time is generally not of the essence for completion of a contract for the sale of land. If the seller or the buyer delays completion, the defaulting party will be liable in damages