The Occupational Pension Schemes (Discharge of Liability) Regulations 1997
PART I GENERAL
1 Citation, commencement and interpretation
PART II DISCHARGE OF LIABILITY WHERE GUARANTEED MINIMUM PENSIONS, SHORT SERVICE BENEFITS AND ALTERNATIVES TO SHORT SERVICE BENEFITS ARE SECURED BY INSURANCE POLICIES OR ANNUITY CONTRACTS
2 Requirements applying to policies of insurance and annuity contracts
3 Conditions on which policies of insurance and annuity contracts may be assigned or surrendered
4 Conditions on which policies of insurance and annuity contracts may be commuted
5 Other requirements applying to policies of insurance and annuity contracts
6 Further conditions on which liability may be discharged
7 Form of consent
PART III DISCHARGE OF LIABILITY TO PROVIDE PENSIONS UNDER A RELEVANT SCHEME
8 Prohibition and restriction of the discharge of liability to provide pensions under a relevant scheme
9 Circumstances in which liability to provide pensions under a relevant scheme may be discharged
10 Meaning of “transaction"
11 Conditions on which liability to provide pensions under a relevant scheme may be discharged
PART IV REVOCATIONS
12The regulations set out in column (1) of Schedule 2...
SCHEDULE 1 FORM OF CONSENT TO ARRANGEMENT FOR SECURING BENEFITS
SCHEDULE 2 REVOCATIONS

1997 No. 784

PENSIONS

The Occupational Pension Schemes (Discharge of Liability) Regulations 1997

Made

Laid before Parliament

Coming into force

The Secretary of State for Social Security, in exercise of the powers conferred upon him by sections 12C, 19, 181(1), 182(2) and (3), 183(1) of the Pension Schemes Act 1993M1 and of all other powers enabling him in that behalf, after agreement by the Occupational Pensions Board that certain proposals embodied within these Regulations need not be referred to them, by this instrument, which otherwise contains regulations in Part II made for the purposes of consolidating regulations revoked hereinM2, hereby makes the following Regulations:

Annotations:
Marginal Citations
M1

1993 c.48. See definition in section 181(1) of “prescribed" and “regulations". Section 12C was inserted by section 136 of the Pensions Act 1995 (c.26).

M2

See section 185(1), (2)(b) and (6) of the Pension Schemes Act 1993 and section 173(1)(b) of the Social Security Administration Act 1992 (c.5).