Schedule 12, Part 4, paragraph 5(4)

The purpose is to enable payments to be made to affected policyholders in respect of the reduction in value of their entitlements (or contingent entitlements), as mentioned in subsection (2)(b).

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Source: legislation.gov.uk · retrieved 2026-09-04 · Text as consolidated on 2026-07-13; changes after this date are not shown.