The Money Purchase Contracted-out Schemes Regulations 1987
These Regulations are all made under section 30(1C) or 32(2D) of the Social Security Pensions Act 1975 (“the 1975 Act”) or paragraph 3 or 6 of Schedule 1 to the Social Security Act 1986 (“the 1986 Act”), as modified by section 32(2B) of the 1975 Act, and are made before the end of the period of 12 months from the commencement of those provisions. 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.