(1) Advising a person ("P") is a specified kind of activity if -
(a) the advice is given to P in P's capacity as -
(i) a member of a pension scheme; or
(ii) a survivor of a member of a pension scheme;
(b) P has subsisting rights in respect of any safeguarded benefits; and
(c) the advice is advice on the merits of P requiring the trustee or manager of the pension scheme to -
(i) convert any of the safeguarded benefits into different benefits that are flexible benefits under the scheme;
(ii) make a transfer payment in respect of any of the safeguarded benefits with a view to acquiring a right or entitlement to flexible benefits for P under another pension scheme; or
(iii) pay a lump sum that would be an uncrystallised funds pension lump sum in respect of any of the safeguarded benefits.
(2) In this article -
"flexible benefit" means -
(a) a money purchase benefit;
(b) a cash balance benefit; or
(c) a benefit, other than a money purchase benefit or cash balance benefit, calculated by refe
…