PART 5Pension accounts

CHAPTER 5Active member’s account

Closure of active member’s accountI145

1

The scheme manager must close an active member’s account in relation to a period of service when the scheme manager establishes in relation to that period of service—

a

a deferred member’s account under regulation 47; or

b

a full retirement account under regulation 51.

2

The scheme manager must re-establish an active member’s account under this Chapter when the scheme manager closes—

a

a deferred member’s account under regulation 50; or

b

a full retirement account under regulation 53.