These regulations are intended to:
- amend various regulations that set out the manner of calculating and verifying transfer values;
- insert a requirement for trustees or managers of public service pension schemes to comply with guidance prepared by the Treasury;
- clarify and correct drafting errors contained in the earlier Transfer Values (Amendment)Regulations (SI 2008/1050) (for more information on these regulations please see our earlier briefing: Changes to transfer values regulation: briefing 169)
These regulations come into force on 13 October 2008.