PART 5Retirement benefits

CHAPTER 5Allocation

Adjustment of allocated benefits for the Finance Act 2004 where member dies over 7564

1

This regulation applies if—

a

a member dies after reaching the age of 75; and

b

but for this regulation, any part of a pension to which a person otherwise becomes entitled under this Chapter on the member’s death would not qualify as a dependants’ scheme pension for the purposes of section 167 of the FA 2004 (the pension death benefit rules) (see paragraphs 16 to 16C of Schedule 28 to that Act).

2

The benefit payable to the person may be adjusted in such manner as is determined by the scheme manager.