Insurance company liable as a Scheme Administrator to a special lump sum death benefits charge

In some cases, funds from a registered pension scheme may have been used to purchase, from an insurance company, an annuity or other insurance type contract from which benefits are paid. If you are an insurance company and you make a payment from such a policy or contract on which a special lump sum death benefits charge arises, then you are the person liable to that charge as if you were a Scheme Administrator. You are responsible for making a return of the liability.