PSI26.1.15 - Scheme requirements for conversion – General - Procedure for conversion/partial conversion


(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

For conversion to proceed the trustees must identify the members who are part of the conversion, value their benefits and allocate assets to each member. The procedure at PSI26.1.18-20 below must then be followed where appropriate.