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10A A Member who leaves Service with preserved benefits at least a year before Minimum Pension Age can require the Trustee by application in writing to use his Accumulated Fund in whichever of the following ways (or combination of them) the Member chooses:
(a)to buy one or more Buy–out Policies (see Rule 10B (Requirements for “Buy–Out” Policies)) from one or more Insurance Companies chosen by the Member;
(b)to acquire rights under another occupational pension scheme or under a personal pension scheme or another Section of the Scheme (see Rule 10C).
The Trustee may allow a Member who does not have a right to a cash equivalent to choose a transfer or a “buy–out” as described in this Rule. The Trustee may impose such conditions on the exercise of this choice as it thinks fit.
The Member may exercise this right by application in writing to the Trustee at any time up to a year before Minimum Pension Age (or, if later, 6 months after leaving Service).
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