Sequential hybrid schemes
5.—(1) The hybrid schemes specified by this rule are schemes under which the benefits to be paid to or in respect of members include both defined benefits and money purchase benefits, where a member—
(a)may not at the same time accrue both defined benefits and money purchase benefits, but
(b)may, in accordance with scheme rules, cease accruing one description of benefits and start accruing the other.
(2) In the application of section 24(1) to a relevant scheme—
(a)apply the general rule set out in rule 4(2), but
(b)for the purposes of this rule, the paragraph (a) quality requirements and the paragraph (b) quality requirements must each be satisfied in relation to the provisions of the scheme to which they are applied.