79(1)Schedule 29 (authorised lump sums) is amended as follows.U.K.
(2)In paragraph 1 (pension commencement lump sum), in sub-paragraph (3)(b), omit “, otherwise than by virtue of the operation of paragraph 8(2) of Schedule 28,”.
(3)In paragraph 3 (pension commencement lump sum: calculation of applicable amount)—
(a)in sub-paragraph (1)(a), for “unsecured pension” substitute “ drawdown pension ”;
(b)in sub-paragraph (5)(a), for “member's unsecured pension fund” substitute “ member's drawdown pension fund ”;
(c)in sub-paragraph (8)(a), for “member's unsecured pension fund” substitute “ member's drawdown pension fund ”.
(4)In paragraph 15 (uncrystallised funds lump sum death benefit), in sub-paragraph (2)(b), for “unsecured pension” substitute “ drawdown pension ”.