Deferred choice decision: deemed section 10 election N.I.
This section has no associated Explanatory Memorandum
16. Where—
(a)the end of the section 10 election period in relation to M has passed,
(b)no deferred choice decision has been made, and
(c)it appears to the scheme manager, having consulted the scheme actuary, that the value of reformed scheme benefits payable if a section 10 election is made is greater than the value legacy scheme benefits payable if a section 10 election is not made,
a section 10 election is treated as having been made immediately before the end of the section 10 election period.
Commencement Information
I1Reg. 16 in operation at 1.10.2023, see reg. 1