11. In regulation 18 (initial payments)(1)—
(a)omit paragraphs (2), (3) and (10);
(b)for paragraph (4) substitute—
“(4) The scheme manager may, in his discretion, make a payment (“an initial payment”) to, or in respect of, a qualifying member or his survivor—
(a)in anticipation of an annual payment being payable under this Part to the qualifying member or his survivor, and on account of such a payment; and
(b)before any monthly instalment of that annual payment is made.
(4A) An initial payment under paragraph (4) may be made—
(a)except where sub-paragraph (c) applies, to the qualifying member with effect from whichever is the later of—
(i)14th May 2004; or
(ii)the earlier of—
(aa)the day on which the qualifying member attains normal retirement age; or
(bb)the day on which the scheme manager is first notified that the qualifying member is terminally ill;
(b)if the qualifying member has died, to a survivor of that qualifying member with effect from whichever is the later of—
(i)14th May 2004; or
(ii)the day after the day on which that qualifying member died; or
(c)if the qualifying member is regarded as a qualifying member under regulation 15(5), to that member with effect from whichever is the later of—
(i)14th May 2004; or
(ii)the date on which he became entitled to a present payment from the qualifying pension scheme.”.
Regulation 18 was substituted by S.I. 2005/3256 and was amended by S.I. 2006/3370, 2007/3581 and 2008/1432.