PART 4Contributions
CHAPTER 4Allocation
Procedure for election under regulation 5153
1
An election under regulation 51 in respect of a member's (M) pension must be made by notice in writing given to the scheme manager.
2
The notice must be in such form and contain such information as the scheme manager requires.
3
Subject to paragraphs (6) and (7), the election takes effect when it is accepted by the scheme manager.
4
The election may not be withdrawn, amended or revoked after it has taken effect.
5
The election does not take effect if—
a
M or the person in whose favour the election is made (the beneficiary) dies on or before the day on which the scheme manager accepts it; or
b
the scheme manager is not satisfied that, at the time the election is made, M is in good health.
6
The election is treated as not having taken effect if the beneficiary dies before M is notified in writing that the scheme manager has accepted the election.