The statutory provisions relating to the revaluation of accrued benefits1 are modified in relation to:
(1) cases where the member's2 normal pension age3 is earlier than 604;
(2) hybrid benefits, that is benefits the rate or amount of which is calculated by reference to the greatest, or smallest, of two or more benefits5;
(3) benefits consisting partly of a component to which the final salary method6 applies and partly of a component to which that method does not apply7;
(4) administrative expenses in relation to money purchase benefits
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234