CHAPTER III (SI2000/3025)

TRANSFERS
Transfers out
     159. For the purposes of Chapter II of Part IVA of the Pension Schemes Act 1993 (requirements relating to pension credit benefits), the managers of the Scheme in relation to a pension credit member are his appropriate administering authority.

Transfers in
     160.  - (1) A pension credit member is not entitled to request his appropriate administering authority to accept a transfer value for relevant pension rights and an administering authority may not accept a transfer value of such rights where they have accrued to a pension credit member.

    (2) "Relevant pension rights" has the meaning given in regulation 121(2).

Changes of funds
     161. No transfer of pension credit rights may be made from a pension credit member's appropriate fund to another fund of the Scheme notwithstanding that that fund may be an appropriate fund for that member in respect of other rights he may have accrued under the Scheme.

(SI2000/3025)