PART 10Transfers
CHAPTER 3Transfers in
Club F1transfer value statementI1153
1
This regulation applies in relation to a request by P for a club transfer value payment to be accepted from another club scheme.
2
The scheme manager may require that, before making the transfer payment request, P must ask the scheme manager to provide a statement of the amount of club transfer earned pension that P will be entitled to count under regulation 154 if the transfer date falls within the period of 2 months beginning with the date of that statement.
3
The amount of club transfer earned pension specified in the statement must be calculated by the scheme manager in accordance with actuarial guidance and tables by reference to—
a
factors relating to P’s circumstances as at the end of that 2 month period; and
b
any other factors as at the date of the statement that the scheme actuary considers should apply.
4
The statement must specify the basis on which an amount of accrued earned pension is revalued under the sending scheme while a member is in pensionable service under that scheme.