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12. In regulation 13A—
(a)in paragraph (2), for “regulation 10(4)” substitute “regulation 10”;
(b)for paragraphs (3) and (4) substitute—
“(3) The benefits that may be provided to the pension credit member are—
(i)one or more pension policies purchased as described in regulation 12(7) as modified in relation to this regulation for the purpose of providing a retirement pension or one or more dependant’s pensions;
(ii)one or more pension commencement lump sums;
(iii)one or more uncrystallised fund pension lump sums.
(4) The benefits mentioned in paragraph 3 shall commence no earlier than the date the pension credit member attains normal minimum pension age as defined in regulation 3 of the 2014 Regulations and in the case of benefits under sub-paragraph (3)(i) are payable for life.”;
(c)in paragraph (5), after “2010 Regulations” insert “or the 2014 Regulations”;
(d)omit sub-paragraph (7)(b).
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