429. Transfer, commutation, entitlement to benefit, etc.

429.     Transfer, commutation, entitlement to benefit, etc.

The provisions discussed in this paragraph have been repealed but continue to have effect in limited circumstances1.

Regulations1 may prohibit or restrict:

  1.  

    (1)     the transfer of any liability for the payment of pensions under a relevant scheme2, or in respect of accrued rights3 to such pensions;

  2.  

    (2)     the discharge of any liability to provide pensions under a relevant scheme; or

  3.  

    (3)     the payment of a lump sum instead of a pension payable under a relevant scheme,

except in prescribed circumstances4 or