Immediate choice decision: deemed election N.I.
This
adran has no associated
Memorandwm Esboniadol
10.—(1) Where—
(a)the end of the section 6 election period in relation to M has passed,
(b)no immediate choice decision has been communicated to the scheme manager, and
(c)it appears to the scheme manager, having consulted the scheme actuary, that the value of reformed scheme benefits payable if a section 6 election is made is greater than the value of legacy scheme benefits payable if a section 6 election is not made,
a section 6 election is treated as having been made immediately before the end of the section 6 election period.
Commencement Information
I1Reg. 10 in operation at 1.10.2023, see reg. 1