[101F Power to give transfer notice]
Pension Schemes Act 1993 (1993 c 48) | Legislation

[Chapter II
Transfer Values]

[101F  Power to give transfer notice]

[(1)     An eligible member of a qualifying scheme may by notice in writing require the trustees or managers of the scheme to use an amount equal to the cash equivalent of his [pension credit rights] for such one or more of the authorised purposes as he may specify in the notice.

(2)     In the case of a member of an occupational pension scheme, the authorised purposes are—

(a)     to acquire rights allowed under the rules of an occupational pension scheme, or personal pension scheme, which is an eligible scheme,

(b)     to purchase from one or more [insurers] such as are mentioned in section 19(4)(a), chosen by the member and willing to accept payment on account of the member from the trustees or managers, one or more annuities which satisfy the prescribed requirements, and

(c)     in such circumstances as may be prescribed, to subscribe to other pension arrangements which satisfy prescribed

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