The following provisions1 apply where money has been liberated from a pension scheme2. Where a person acquires the beneficial interest in recoverable property3 in good faith, for value and without notice that the property is, or (as the case may be) represents, money liberated from a pension scheme: (1) the property ceases to be recoverable property; and (2) no property that subsequently represents it is recoverable property4. The court, on the application of the Pensions Regulator
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