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The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015

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Amendment of regulation 21

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10.  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..

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