Why can GMp and s9(20(b) be transferred into a S32

Question

Why can GMp and s9(20(b) be transferred into a S32 but protected rights cant. I dont understand the difference

Answer 1

I don't know the answer to your question but i do know that GMP is the contracted out (contracted out of the state scheme) element of a company pension (as opposed to a personal pension). Protected Rights are the contracted out element of a personal pension. Section 32s would generally be used to transfer company plans into an arrangement owned by the individual. Section 32s has to have certain guarantees into place.