SCHEDULE 28Registered pension schemes: authorised pensions—supplementary
Part 2Pension death benefit rules
F1Meaning of “successor”
27F
(1)
“Successor of the member” means an individual—
(a)
nominated by a dependant of the member,
(b)
nominated by a nominee of the member,
(c)
nominated by a successor of the member, or
(d)
nominated by the scheme administrator,
but see sub-paragraph (2).
(2)
In relation to any particular benefits under an arrangement relating to a dependant, nominee or successor of the member (“the beneficiary”) in that capacity, no individual nominated by the scheme administrator counts as a successor of the member at any time after the beneficiary's death when there is an individual, or charity, nominated by the beneficiary in relation to the benefits.
(3)
A reference in sub-paragraph (2) to being nominated in relation to particular benefits under an arrangement includes—
(a)
a reference to being nominated in relation to the scheme,
(b)
a reference to being nominated in relation to arrangements that include the arrangement,
(c)
a reference to being nominated in relation to the arrangement, and
(d)
a reference to being nominated in relation to benefits that include the particular benefits.
(4)
Where a successor of the member is an individual who is also a dependant of the member, the individual in the capacity of a successor of the member is to be treated as not also being a dependant of the member.