Regulation 4 Exceptions to the sex equality rule: use of actuarial factors which differ for men and womenI1

a lump sum payment which consists of a commuted periodical pension or part of such a pension;

a periodical pension granted in exchange for a lump sum payment;

F1a pension which is derived from money purchase benefits within the meaning of section 181(1) of the Pension Schemes Act 1993^f1;

a pension which is derived from cash balance benefits within the meaning of regulation 2 of the Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014;

transfer credits and any rights allowed to a member by reference to a transfer from a personal pension scheme;

a transfer payment including a cash equivalent within the meaning of section 94 of the Pension Schemes Act 1993^f2;

a periodical pension payable in respect of a member who opts to take such benefits before normal pension age or in respect of a member who defers taking such benefits until after normal pension age;

benefits payable to another person in exchange for part of a member’s benefits and the part of the member’s benefits given up for that purpose.