Conditions on which pension credit benefit secured by insurance policies and annuity contracts may be commutedE+W+S
13. Pension credit benefit secured by an insurance policy or an annuity contract may be commuted [F1in the circumstances described by regulation 3 (pension credit benefit in lump sum form)].
Textual Amendments
F1Words in reg. 13 substituted (6.4.2009) by The Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 15(5)