The Stakeholder Pension Schemes Regulations 2000 No. 1403

PART II E+W+S CONDITIONS APPLYING TO STAKEHOLDER PENSION SCHEMES

[F1 Changes notified by members E+W+S

10E.   Where—

(a) the rights of a member of a scheme have been made subject to lifestyling;

(b) the application of lifestyling to those rights has not begun, and

(c) the member either—

(i) makes a choice as regards any investment made under the scheme on his behalf, or

(ii) notifies the trustees or manager of the scheme that he does not wish his rights to be subject to lifestyling,

the rights of the member shall cease to be subject to lifestyling.

(2) Where—

(a) the application of lifestyling to the rights of a member of a scheme has begun, and

(b) the member notifies the trustees or manager of the scheme that he wishes to specify a different retirement date,

the trustees or manager may opt to continue the application of lifestyling as if the member’s retirement date were unchanged.]

Textual Amendments

F1 Reg. 10A –10E inserted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 5