The Occupational Pension Schemes (Transfer Values) Amendment Regulations 1988
These Regulations are made under provisions of the Social Security Pensions Act 1975 (“the 1975 Act”) inserted by the Social Security Act 1988 before the end of a period of 12 months from the commencement of those provisions as inserted. Consequently, by virtue of section 61(5) of the Social Security Act 1986 (“the 1986 Act”), the provisions of section 61(2) and (3) of the 1975 Act (as amended by section 86(1) of, and paragraph 94 of Schedule 10 to, the 1986 Act) which requires reference to the Occupational Pensions Board of, and a report by the Board on, proposals to make regulations for certain purposes of both Acts, do not apply to them.