The Armed Forces Pension Scheme Order 2005, Paragraph F.2 is up to date with all changes known to be in force on or before 08 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1) A member who requires a transfer value payment to be made must apply in writing to the Scheme administrator for a statement of the amount of the cash equivalent of the member’s accrued benefits under the Scheme at the guarantee date (“a statement of entitlement”).
(2) In these Rules, “the guarantee date” means any date that—
(a)falls within the required period,
(b)is chosen by the Scheme administrator,
(c)is specified in the statement of entitlement, and
(d)is within the period of 10 days ending with the date on which the member is provided with the statement of entitlement.
In counting the period of 10 days referred to in sub-paragraph (d), Saturdays, Sundays, Christmas Day, New Year’s Day and Good Friday are excluded.
(3) In paragraph (2) “the required period” means—
(a)the period of 3 months beginning with the date of the member’s application for a statement of entitlement, or
(b)such longer period (not exceeding six months beginning with that date) as may reasonably be required if, for reasons beyond the control of the Scheme administrator, the requisite information cannot be obtained to calculate the amount of the cash equivalent.
(4) The member may withdraw the application for a statement of entitlement by notice in writing at any time before the statement is provided.
(5) A member who—
(a)has made an application for a statement of entitlement under this rule, and
(b)has not withdrawn it,
may make only one other such application in the period of twelve months beginning with the date of the first application.
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