Regulation 9 Substitution of regulation 2.24 (Benefits which may be provided)

For regulation 2.24 substitute—

“2.24.

(1)

A member is entitled to the benefits attributable to the accrued benefits.

(2)

The administrators must provide only benefits authorised by or under Chapter 3 of Part 4 of the 2004 Act.

(3)

Where the member wishes, from time to time, to take benefits under this scheme the member must give notice in writing to the administrators.

(4)

A notice under paragraph (3) must specify—

(a)

the proportion of the member’s benefits referred to in paragraph (1) to which the notice relates;

(b)

the member’s preference as to the benefits to be provided under paragraph (2) in relation to that proportion; and

(c)

if the member wishes a combination of benefits is to be provided, what proportion of the member’s accrued benefits the member wishes to be allocated to each type of benefit.”