SCHEDULES
C3SCHEDULE 28Registered pension schemes: authorised pensions—supplementary
Part 2Pension death benefit rules
Money purchase arrangements
C122
1
For the purposes of this Part a F3dependant's drawdown pension fund in respect of an arrangement consists of such of the sums and assets held for the purposes of the arrangement—
F2a
as are dependant-designated funds, and
b
have not been applied towards the provision of a dependants' scheme pension.
C2F12
For the purposes of this Part sums or assets held for the purposes of an arrangement are dependant-designated funds if F8...—
a
F10aa
they have, at any time on or after 6 April 2015, been designated under the arrangement as available for the payment of dependants' drawdown pension F14..., and—
i
sums or assets held for the purposes of the arrangement have, at any time before 6 April 2015, been designated under the arrangement as so available, and
ii
section 167(2A) did not apply to the arrangement immediately before 6 April 2015, or
3
If any sums or assets representing a F13person'sF4dependant's drawdown pension fund in respect of an arrangement under the pension scheme would (apart from this sub-paragraph)—
a
b
are applied towards the provision of a scheme pension or a lifetime annuity,
they are to be treated as not doing so.
Sch. 28 modified by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 14 (as substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by S.I. 2012/1795, regs. 1(1), 5)