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The Pension Sharing (Pension Credit Benefit) Regulations 2000
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- UK Statutory Instruments
- 2000 No. 1054
- PART II
- Regulation 9
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Money purchase benefits
9.—(1) The scheme may, with the consent of the person entitled to the benefit, provide money purchase benefits instead of all or any of the benefits that constitute pension credit benefit.
(2) Any scheme rule which allows this alternative must require the trustees or managers of the scheme to be reasonably satisfied that the amount allocated to provide money purchase benefits in respect of the person entitled to the benefit is at least equal to the amount described in regulation 11.
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