Regulation 101 Applications for a transfer value paymentI1
United Kingdom
(1)
A member who has been provided with a statement of entitlement may apply to the scheme administrator under section 95 of the PSA 1993 for a transfer value payment.
(2)
The application must—
(a)
specify the pension scheme or other pension arrangement to which the transfer value should be paid; and
(b)
meet such other conditions as the scheme manager may require.
(3)
The member may withdraw the application by notice in writing to the scheme administrator in accordance with section 100(1) of the PSA 1993.
(4)
Under section 100(2) of that Act, a withdrawal is of no effect if an agreement for the use of the whole or part of the cash equivalent has already been entered into with a third party.