a transfermeans a transfer such as is described in this paragraph. 2 a transfer may be made— a to a contracted-out salary related scheme;
appropriate policymeans a policy of insurance or an annuity contract such as is described in section 52C(4) of the Act;”
contracted-out salary related schememeans an occuptional pension scheme which is contracted-out by virtue of section 32(2);
money purchase contracted-out schemehas the same meaning as in section 66(1);”
protected rightshas the meaning given by Schedule 1 to the Social Security Act 1986, or where the rights are under a money purchase contracted-out scheme, or a section 49 money purchase scheme, that Schedule as modified by section 32(2B);”
schememeans occupational pension scheme or personal pension scheme;”
section 49 money purchase schememeans a scheme which was formerly a money purchase contracted-out scheme and which the Board are under a duty to supervise in accordance with section 49;
section 49 salary related schememeans a scheme which was formerly a contracted-out salary related scheme and which the Board are under a duty to supervise in accordance with section 49;”
the principal Regulationsmeans the Contracting-out (Transfer) Regulations 1985.
transfer paymentmeans a transfer payment such as is described in this paragraph. 2 A transfer payment may be made to a money purchase contracted-out scheme— a in the circumstances described in paragraphs 1 and 2 of Schedule 1A;
transferring policymeans an appropriate policy from which accrued rights to guaranteed minimum pensions are transferrred, or from which a transfer payment is made, to a receiving scheme;”
transferring schememeans— (a) a contracted-out salary related scheme;