Paragraph 37

In paragraph 3 (definition of member's lifetime annuity) after sub-paragraph (1) insert—

“(1A)

For the purposes of this Part, but subject to any provision made under sub-paragraph (2C)(za), an annuity payable to the member is also a lifetime annuity if—

(a)

it is payable by an insurance company,

(b)

the member becomes entitled to it on or after 6 April 2015, and

(c)

it is payable until the member's death or until the later of the member's death and the end of a term certain.”