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206.—(1) A person (P) may apply for payment of a club transfer value to be accepted from another club scheme.
(2) The application must—
(a)be made within 12 months after the day on which P enters pensionable service under this scheme;
(b)be by written notice to the scheme manager;
(c)specify the pension scheme from which the club transfer value is to be received; and
(d)meet any other conditions the scheme manager requires.
207.—(1) On receipt of an application, the scheme manager may accept payment of a club transfer value from another club scheme (“the sending scheme”) if—
(a)P has not reached 75;
(b)retirement benefits have not become payable to P under this scheme or under the sending scheme; and
(c)the sending scheme was a money purchase arrangement to which P’s previous employer made contributions.
(2) A transfer value payment in respect of any pension credit rights or pension credit benefits must not be accepted under this regulation.
208. The amount of club transfer earned pension a person is entitled to count under this Part is an amount determined by the scheme manager.
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