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PART 5Retirement benefits

CHAPTER 6Allocation of part of pension

Making an allocation election

82.—(1) When an active or deferred member intends to make an allocation election, that member must—

(a)satisfy the scheme manager that that member is in good health and has a normal life expectancy; and

(b)give the scheme manager written notice of an allocation election (a “notice of allocation”) specifying—

(i)the portion,

(ii)the name and address of the beneficiary,

(iii)the sex of the beneficiary, and

(iv)the date of birth of the beneficiary.

(2) The notice of allocation, which may be sent by post, must be given not earlier than two months before the pension comes into payment.

(3) Where the requirements in paragraphs (1) and (2) have been satisfied, the scheme manager must notify the member that it has accepted the allocation election.

(4) An election has no effect if the member or the beneficiary dies before the notice of allocation takes effect.