Occupational Pension Schemes (Transfer Values and Miscellaneous Amendments) Regulations 2003 come into force

Implementation date: 4 August 2003

The Regulations enable trustees or managers to reduce the amount of a cash equivalent in occupational pensions schemes to which the minimum funding requirements apply, where such a scheme is not sufficiently funded to meet the full amount of the cash equivalent in respect of all of its members. The Regulations can be viewed on the OPSI website.
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