SCHEDULES
SCHEDULE 1Pension flexibility etc
Part 2Annuities
Reduction of restrictions on new annuities
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In paragraph 3 (definition of member's lifetime annuity) after sub-paragraph (1) insert—
1A
For the purposes of this Part, but subject to any provision made under sub-paragraph (2C)(za), an annuity payable to the member is also a lifetime annuity if—
a
it is payable by an insurance company,
b
the member becomes entitled to it on or after 6 April 2015, and
c
it is payable until the member's death or until the later of the member's death and the end of a term certain.