Part VIModification of the Act

Accrued rights, or liabilities in respect of accrued rights, transferred without consent16

1

This regulation applies where—

a

a member has acquired a right under section 90 to a cash equivalent but has not exercised the option conferred by section 91; and

b

the member’s accrued rights have been transferred to another scheme without that member’s consent.

2

Where this regulation applies, Chapter IV of Part IV of the Act shall have effect as if the member’s right to a cash equivalent of the benefits in respect of which a transfer or transfer payment has been made existed in relation to the receiving scheme instead of the transferring scheme.