Regulation 16 Deferred choice decision: deemed section 10 electionI1
England and Wales
Where—
(a)
the end of the section 10 election period in relation to M has passed,
(b)
no deferred choice decision has been made, and
(c)
it appears to the scheme manager, having consulted the scheme actuary, that the value of reformed scheme benefits payable if a section 10 election is made is greater than the value of legacy scheme benefits payable if a section 10 election is not made,
a section 10 election is treated as having been made immediately before the end of the section 10 election period.