(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)
This “dual approval”may arise in different ways. A part of an existing occupational pension scheme may be converted from Chapter I to Chapter IV. Trustees may also apply for approval simultaneously for an occupational pension scheme and a personal pension section of a brand new scheme. Alternatively, a new Chapter IV part of an existing Chapter I scheme may be set up, or a new Chapter I part of an existing Chapter IV scheme.
