Regulation 50 Closure and transfer of added pension account
(1)
Where an active member (P) has an added pension account, the added pension account must remain open until—
(a)
P has claimed a retirement pension and the amount of added pension is transferred to the retirement account or the deferred member's account; or
(b)
a transfer value payment is made in respect of P's rights to the accrued added pension; or
(c)
where a transfer of entries referred to in paragraph (2) has been completed.
(2)
Where a scheme manager has provided a certificate under regulation 154 (requirement for scheme manager to provide a certificate) in respect of an added pension account, the new scheme manager must establish an added pension account and transfer the entries from that certificate to that account.