51 Independent advice in respect of conversions and transfers: Northern Ireland
Pension Schemes Act 2015 (2015 c 8) | Legislation

Northern Ireland

51  Independent advice in respect of conversions and transfers: Northern Ireland

(1)     Where a member of a pension scheme has subsisting rights in respect of any safeguarded benefits, or a survivor of a member has subsisting rights in respect of any safeguarded benefits, the trustees or managers must check that the member or survivor has received appropriate independent advice before—

(a)     converting any of the benefits into different benefits that are flexible benefits under the scheme;

(b)     making a transfer payment in respect of any of the benefits with a view to acquiring a right or entitlement to flexible benefits for the member or survivor under another pension scheme;

(c)     paying a lump sum that would be an uncrystallised

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