Regulation 11 Amendment of regulation 18

omit paragraphs (2), (3) and (10);

for paragraph (4) substitute—

“(4)

The scheme manager may, in his discretion, make a payment (“an initial payment”) to, or in respect of, a qualifying member or his survivor—

(a)

in anticipation of an annual payment being payable under this Part to the qualifying member or his survivor, and on account of such a payment; and

(b)

before any monthly instalment of that annual payment is made.

(4A)

An initial payment under paragraph (4) may be made—

(a)

except where sub-paragraph (c) applies, to the qualifying member with effect from whichever is the later of—

(i)

14th May 2004; or

(ii)

the earlier of—

(aa)

the day on which the qualifying member attains normal retirement age; or

(bb)

the day on which the scheme manager is first notified that the qualifying member is terminally ill;

(b)

if the qualifying member has died, to a survivor of that qualifying member with effect from whichever is the later of—

(i)

14th May 2004; or

(ii)

the day after the day on which that qualifying member died; or

(c)

if the qualifying member is regarded as a qualifying member under regulation 15(5), to that member with effect from whichever is the later of—

(i)

14th May 2004; or

(ii)

the date on which he became entitled to a present payment from the qualifying pension scheme.”.