Regulation 15 Further conditions on which liability may be discharged

the person entitled to the benefit is dead and the benefit is payable to a person other than his F1widow, widower or surviving civil partner; and

the arrangement for securing the pension credit benefit or its alternative was made at the request of the person entitled to it.

the scheme is being wound up;

F2sections 73 and 74 of the 1995 Act (preferential liabilities on winding up, and discharge of liabilities by insurance, etc.) and the Occupational Pension Schemes (Winding Up) Regulations 1996 do not apply;

the winding up provisions (as defined in section 73B(10)(a) of the 1995 Act) and regulations made under those provisions do not apply;

the person entitled to the benefit is able to assign or surrender the insurance policy or the annuity contract; and

the condition set out in section 101E(1)(a) of the 1993 Act is satisfied.

the trustees or managers of the scheme consider that, in the circumstances, it is reasonable for the scheme to provide the alternative without the consent of the person entitled to the benefit;

the trustees or managers of the scheme give the person entitled to the benefit at least 30 days’ written notice of their intention to take out the insurance policy or enter into the annuity contract, unless the person entitled to the benefit exercises a right to give a transfer notice under section 101F of the 1993 Act (power to give transfer notice) (the first mentioned notice being F3given in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 or delivered to that person personally); and

when the trustees or managers of the scheme agree with the insurance company to take out the insurance policy or enter into the annuity contract, there is no outstanding transfer notice given by the person entitled to the benefit under section 101F of the 1993 Act.