SCHEDULES
SCHEDULE 17AUTOMATIC TRANSFER OF PENSION BENEFITS ETC.
PART 1AUTOMATIC TRANSFER OF PENSION BENEFITS
Transferable benefits scheme to comply with request
6
1
The regulations must require the trustees or managers of a pension scheme who receive a transfer notice requesting the transfer of the cash equivalent of a person's transferable benefits to do what is needed to carry out the request.
2
The regulations may in particular—
a
require the trustees or managers of the scheme to take particular steps to carry out the request;
b
provide for the discharge, in prescribed circumstances, of any obligation to provide the transferable benefits.
3
The regulations may provide for circumstances in which the duty to carry out the request does not apply.