Regulation 6 Amendment of Part 5 (annual and initial payments)

(1)

In regulation 17 (annual payments), for paragraph (1) substitute—

“(1)
Schedule 2 makes provision for the determination of the amount of annual payments to be paid to, or in respect of, qualifying members of qualifying pension schemes including provision for a cap to be imposed on such amounts.”.

(2)

In regulation 18 (initial payments)—

(a)

in paragraph (1), omit “Subject to paragraph (4A),”;

(b)

omit paragraph (4A);

(c)

after paragraph (9), insert—

“(9ZA)
The power to redetermine the amount of an initial payment under paragraph (9) includes the power to redetermine that amount as a result of a change in the amount of interim pension being paid to the beneficiary.”; and

(d)

for paragraph (10) substitute—

“(10)
In this regulation “interim pension” has the meaning given in paragraph 2 of Schedule 2.”.