Application for payment of a transfer value
This section has no associated Policy Notes
196.—(1) A person who is provided with a statement of entitlement may apply for a transfer value to be paid to the receiving scheme.
(2) The application must—
(a)be made within 12 months after the day on which P becomes subject to the receiving scheme;
(b)be by notice to the scheme manager;
(c)specify the pension scheme or other pension arrangement to which the transfer value is to be paid; and
(d)meet any other conditions the scheme manager requires.