48.—(1) The Department must establish and maintain one or more pension accounts for each member of this scheme in accordance with this Part.
(2) A pension account—
(a)may be kept in any form the Department considers appropriate; and
(b)must specify the details required by these Regulations.
(3) References in these Regulations to any amount specified in a pension account are references to the amount that is required by these Regulations to be so specified and not, if different, the amount actually so specified.
49. All pension accounts relating to a member (P) (other than a pension credit member’s account) must be closed if—
(a)a transfer payment is made respect of P’s accrued rights under this scheme; or
(b)P is repaid the balance of contributions under regulation 189.