Regulation 20 Requirements to be met by annuitiesI1

Subject to regulation 19, the prescribed requirements referred to in section 97F(2)(b) (cash equivalent to be used for purchasing annuities) are those specified in regulation 15(2) to (7) of the Pension Sharing (Implementation and Discharge of Liability) Regulations (Northern Ireland) 2000^f1 (disqualification as a destination for pension credit—annuity contracts and insurance policies).