UK Statutory Instrument 2015 United Kingdom

The Funded Public Service Pension Schemes (Reduction of Cash Equivalents) Regulations 2015

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At a glance

What's here

4 compliance obligations

Who this Act binds

Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

sch. para. 4

sch. para. 4

Other duties (1) — Crown / regulator
  • Actuary must calculate initial cash equivalent using scheme-wide determinations Crown / Minister / Government department
sch. para. 5

sch. para. 5

  • Actuary must use specific assumptions for initial cash equivalents
sch. para. 6

sch. para. 6

  • Reduce cash equivalent by trustees’ considered reduction
s.002

Transfer report

  • Request a transfer report from an actuary when scheme is designated
Browse 10 other sections — procedural / definitional / commencement
s.001

Citation, commencement and interpretation

s.003

Reduction of cash equivalent

s.004

Percentage P

s.005

Specification of amount of reduction by the relevant person

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