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PART 11Transfers

CHAPTER 2Transfers out

Request for transfer payment to be made

182.—(1) A deferred member of this scheme who is provided with a statement of entitlement may request a transfer payment to be made in respect of the member’s accrued rights to benefits under this scheme.

(2) The request for the transfer payment must—

(a)be made by written notice to the scheme manager;

(b)specify the pension scheme or other pension arrangement to which the transfer payment is to be made; and

(c)meet any other conditions the scheme manager requires.

(3) The member by written notice to the scheme manager may withdraw the request at any time before the transfer payment is made.

(4) The member may not withdraw the request if an agreement for the use of the whole or part of the transfer payment has already been entered into with a third party.