pension illustration

214has the meaning given in paragraph 6(1) of Schedule 6 to the 2013 Pensions Regulations, which is an illustration of the amount of the pension:

1. (a) that is calculated in accordance with paragraphs 7 and 8 of Schedule 6 to the 2013 Pensions Regulations;
2. (b) an entitlement to which would be likely to accrue to a relevant pension scheme member, or be capable of being secured by the relevant pension scheme member, at their retirement date; and
3. (c) in respect of rights to money-purchase benefits that may arise under the relevant pension scheme.