The Personal Pension Schemes (Transfer Values) Regulations 1987
These Regulations are all made under provisions of the Social Security Pensions Act 1975 (“the 1975 Act”) as modified by Regulations made under the Social Security Act 1986 (“the 1986 Act”) before the end of 12 months from commencement of the relevant provisions as modified. Consequently, by virtue of section 61(5) of 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 require 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.