SCHEDULE 5 Regulation 74.

APPROPRIATE FUNDS

PART I

GENERAL RULES

1. (1) The appropriate fund for a member is the fund specified in column 2 of the following Table for a member of his description.

(2) But where a member falls into paragraph 5 of that Table or paragraph 3 of the Table in Part II of this Schedule, the Secretary of State may by direction substitute another fund ("the substituted fund").

(3) Before doing so he must consult with any bodies appearing to him to be affected by the proposed direction.

(4) The direction may require the making of financial adjustments between the funds, whether by way of a payment to the substituted fund or of a transfer of assets or both.

(5) It may also contain provision as to the transfer of liabilities to the substituted fund and any other consequential and incidental matters.

(6) Where an administering authority have established an admission agreement fund under regulation 75-

TABLE

 

Member

Appropriate fund

1. An employee of an administering authority (other than a London member).

Fund maintained by that authority.

2. A London member

Fund maintained by the London Pensions Fund Authority

3. A Welsh member.

Appropriate regulation 3 fund.

4. A Part II member.

Fund specified for him in Part II of this Schedule.

5. An employee of a company under the control of a Scheme employer specified in Schedule 2.

Fund which is the appropriate fund for employees of that Scheme employer

6. An admission agreement employee.

Fund maintained by the administering authority with whom the admission agreement making him eligible for membership was made.

7. Members for whom no fund is specified by paragraphs 1 to 6, being-

(a) members whose employing authority is specified in column 1 of the Table in Part III of this Schedule;

 

(b) members whose employing authority's area is situated wholly or mainly in the local government area of another employing authority which is specified in column 1 of the Table in Part III of this Schedule


(a) Fund maintained by the administering authority specified for that authority in column 2 of the Table in Part III of this Schedule;

(b) Fund maintained by the administering authority specified for that other authority in column 2 of the Table in Part III of this Schedule.

       

8. Members for whom no fund is specified by paragraphs 1 to 7.

Fund maintained by the administering authority within whose local government area all or most of his employing authority's area lies.

 

 

Notes

1.-(1) A London member is a member to whom sub-paragraph (2), (3) or (4) applies.

(2) This sub-paragraph applies to an employee of a London borough council or of the Common Council who-

(3) This sub-paragraph applies to a person who-

(4) This sub-paragraph applies to a person who-

2.-(1) A Welsh member is a member whose appropriate fund was determined immediately before the commencement date by regulation 3 of the Local Government Pension Scheme (Local Government Reorganisation in Wales) Regulations 1995 and who continues to be employed by the same employing authority.

(2) The appropriate regulation 3 fund for such a member is the fund determined under that regulation for him.

3. A Part II member is a member falling within column 1 of the Table in Part II of this Schedule.

PART II

MISCELLANEOUS AUTHORITIES

TABLE

Member

Appropriate fund

1. Employee of the Commission for Local Administration in Wales.

Fund maintained by Cardiff County Council.

2. Person who-

    1. is eligible to be a member by virtue of regulation 127(3), and
    2. immediately before1st April 1974 was entitled to participate in the superannuation fund maintained under Part I of the Act of 1937 by Newham London borough council.

 

Fund maintained by Newham London borough council.

3. Member employed by a further education corporation, a higher education corporation, a designated institution or the governing body of a grant-maintained school which is-

      (a) an ILEA employer;

           

    (b) a metropolitan county employer; 

           

           

           

        (c) another employer.

 


(a) Fund maintained by the London Pensions Fund Authority;

(b) Fund maintained by the authority specified in column 2 of paragraph 4 of this Part of this Schedule in relation to the area in which the whole or greater part of the school, corporation or institution is situated;

 (c) Fund to which the local authority contributes.

4. Employee of a body the greater part of whose area falls within-

      Greater Manchester

      Merseyside

      West Midlands

      Tyne and Wear

      West Yorkshire

      South Yorkshire.

Fund maintained by-

      Tameside district council

      Wirral district council

      Wolverhampton district council

      South Tyneside district council

      Bradford district council

      South Yorkshire Pensions Authority.

       

5. Employee of the Residuary Body for Wales.

 

Fund maintained by Cardiff County Council.

Notes

1. An ILEA employer is an institution or school formerly assisted or maintained by the Inner London Education Authority, or a corporation which has been established for the purpose of conducting an institution or school formerly assisted or maintained by that Authority.

2 A metropolitan county employer is a school, corporation or institution, the whole or greater part of which is situated in a metropolitan county.

3. A further education corporation and a higher education corporation are to be treated as situated where the institution conducted by the corporation is situated.

PART III

MEMBERS AFFECTED BY LOCAL GOVERNMENT REORGANISATION

TABLE

Section A

Employing authority

Administering authority

Denbighshire County Council

Wrexham County Borough Council

 

Cardiganshire County Council

Pembrokeshire County Council

 

Blaenau Gwent County Borough Council

Caerphilly County Borough Council

Monmouthshire County Council

Newport County Borough Council

 

Aberconwy and Colwyn County Borough Council

Anglesey County Council

 

Bridgend County Borough Borough Council

Merthyr Tydfil County Borough Council

 

The Vale of Glamorgan County Borough Council

 

Neath and Port Talbot County Borough Council

 

North Somerset District Council

South Gloucestershire District Council

City of Bristol Council

 

Kingston upon Hull

North Lincolnshire District Council

North East Lincolnshire District Council

 

Redcar and Cleveland Borough Council

Hartlepool Borough Council

Stockton-on-Tees Borough Council

 

York District Council

 

Luton Borough Council

 

Milton Keynes Borough Council

 

Derby City Council

 

Bournemouth Borough Council

Poole Borough Council

 

Darlington Borough Council

 

Brighton and Hove District Council

 

Portsmouth City Council

Southampton City Council

 

Stoke-on-Trent City Council

 

Thamesdown Borough Council

 

Leicester City Council

Rutland District Council

 

 

Flintshire County Council

 

 

Carmarthenshire County Council

 

 

Torfaen County Borough Council

 

 

 

 

Caernarfonshire and Merionethshire County Council

 

 

Rhondda, Cynon, Taff County Council

 

 

Cardiff County Council

 

Swansea County Council

 

Bath and North East Somerset Council

 

 

 

East Riding of Yorkshire District Council

 

 

 

Middlesborough Borough Council

 

 

 

North Yorkshire County Council

 

Bedfordshire County Council

 

Buckinghamshire County Council

 

Derbyshire County Council

 

Dorset County Council

 

 

Durham County Council

 

East Sussex County Council

 

Hampshire County Council

 

 

Staffordshire County Council

 

Wiltshire County Council

 

Leicestershire County Council

 

Section B

 

Employing authority

Administering authority

Bracknell Forest Borough Council

Newbury District Council

Reading Borough Council

Slough Borough Council

Wokingham District Council

 

Peterborough City Council

 

Halton Borough Council

Warrington Borough Council

 

Plymouth City Council

Torbay Borough Council

 

Southend-on-Sea Borough Council

Thurrock Borough Council

 

Medway Towns District Council

 

Blackburn with Darwen Borough Council

Blackpool Borough Council

 

Nottingham City Council

 

The Wrekin District Council

 

Herefordshire District Council

 

 

Royal Borough of Windsor and Maidenhead

 

 

 

 

 

Cambridgeshire County Council

 

Cheshire County Council

 

 

Devon County Council

 

 

Essex County Council

 

 

Kent County Council

 

Lancashire County Council

 

 

Nottinghamshire County Council

 

Shropshire County Council

 

Worcestershire County Council

 

Schedule 5A
(Regulation 108A)

MIS-SOLD PENSIONS

Prescribed persons
     1 . For the purposes of regulation 108A(2) (prescribed persons to whom information may be provided) the persons are: - 

(a) a person who is or has been an authorised person within the meaning of the Financial Services Act 1986 ("the 1986 Act") ("an authorised person");

(b) an appointed representative within the meaning of section 44 of the 1986 Act ("an appointed representative");

(c) a recognised self-regulating organisation within the meaning of the 1986 Act;

(d) a recognised professional body within the meaning of the 1986 Act;

(e) the Securities and Investments Board;

(f) the Investors Compensation Scheme Limited;

(g) a professional indemnity insurer of an authorised person or an appointed representative;

(h) The Chartered Accountants Compensation Scheme Limited;

(i) The Solicitors Indemnity Fund Limited;

(j) a person or body arbitrating or adjudicating in, or investigating or considering, a complaint brought by such an individual as is mentioned in section 172(1) of the Pensions Act against an authorised person or an appointed representative;

(k) a person or body appointed to act on behalf of any of the above.

     2 . For the purposes of regulation 108A(3) (persons on whom fees may be imposed) the persons are any person listed in sub-paragraphs (a) to (d) and (f) to (i) of paragraph 1 and any person or body appointed to act on behalf of any of those persons.

     3 . A restitution payment in relation to an individual shall be an amount equal to the total of: - 

(a) the capitalised value of the rights which would have accrued to him under these regulations at the material date if he had been a member of the Scheme throughout the relevant period including the capitalised value of any rights under the Pensions (Increase) Act 1971[7] and the Pensions (Increase) Act 1974[8], and

(b) the transfer value (if any) previously paid out of the Scheme under regulation K2 to the personal pension scheme in respect of the transferred-out service increased by interest at a rate approved from time to time by the Government Actuary for that purpose on a daily basis over the period from the date on which such a transfer value was paid out of the Scheme to the date on which it is assumed, for the purpose of calculating the restitution payment, that a transfer value will be paid to the Scheme ("the calculation date").

     4 . The amount, if any, calculated by virtue of paragraph 3(b) shall be at least equal to the amount of the cash equivalent transfer value which would be payable by the Scheme in respect of the transferred-out service if the Scheme were to pay a cash equivalent transfer value in respect of that service immediately after the calculation date.

     5 . In this Schedule - 

(a) "capitalised value" means the capitalised value at the material date as determined by the fund authority in such manner as shall be approved by the Government Actuary and using the current tables of factors issued by the Government Actuary for calculating cash equivalent individual transfer values;

(b) "material date" means the date on which the administering authority is asked to provide the calculation of the restitution payment;

(c) "relevant period" has the same meaning as in regulation K15A(3) ((b)(i)); and

(d) "transferred-out service" means the period of service which the member transferred out of the Scheme by exercising a right to a cash equivalent under regulation K2.
(SI1997/1613)