34 Power to prohibit offer of incentives to transfer pension rights
Pensions Act 2014 (2014 c 19) | Legislation

34  Power to prohibit offer of incentives to transfer pension rights

(1)     The Secretary of State may by regulations make provision prohibiting a person from offering an incentive to another person with the intention of inducing a member of a salary related occupational pension scheme to—

(a)     exercise a right to require a pensions transfer, or

(b)     agree to a pensions transfer.

(2)     “Pensions transfer” means a transfer of sums or assets representing any of the member's pension rights to be used for one or more of the following—

(a)     acquiring rights (whether to present or future benefit) for the

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