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Regulation 10 Amendment of regulation 21

Original text. Later amendments are not shown.

In regulation 21(2) (accessing benefits on the death of the member or beneficiary)—

(a)

omit “and” at the end of sub-paragraph (a);

(b)

at the end of sub-paragraph (b) insert—

“; and

(c)

Part 1 of Schedule 10 where the person has an opportunity to—

(i)

transfer accrued rights to flexible benefits out of the scheme under the scheme rules;

(ii)

apply sums or assets held for the purpose of providing flexible benefits for purchasing an annuity;

(iii)

take payment of a lump sum in respect of flexible benefits; or

(iv)

designate sums or assets held for the purpose of providing flexible benefits as available for the payment of drawdown pension.”.