The Secretary of State1 must by regulations2 make provision for securing that, during the period of nine months beginning with the date on which the regulations come into force, the trustees of relevant pension schemes3 are prohibited from purchasing, or agreeing to purchase, annuities4 on behalf of qualifying members5, unless: (1) before that date they have entered into a binding commitment to purchase the annuities; or (2) the purchase of the annuities is approved6 in pursuance of the provision below7. The regulations must make provision: (a) for enabling the trustees of a relevant pension scheme to apply to the
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234