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Regulation 87 Recovery of lump sum payments made to nomineesI1

United Kingdom

(1)

The scheme manager may recover a lump sum death benefit paid under regulation 78 (death of a member: lump sum benefit) if—

(a)

the payment is made to a person because of the person’s nomination under regulation 84 (nomination for lump sum benefits); and

(b)

the person’s nomination is subsequently found to be invalid under that regulation.

(2)

Paragraph (1) does not affect the scheme manager’s right to recover a payment or overpayment in any case where the scheme manager considers it appropriate to do so.

Annotations

Commencement

I1

Reg. 87 in force at 1.4.2015, see reg. 1(2)