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    <title>Scheme of insurance or annuity</title>
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    <description>Trustees of an approved superannuation fund must provide annuities for beneficiaries by entering into a scheme of insurance with the Life Insurance Corporation or another insurer, or by accumulating contributions and purchasing an annuity on retirement, death, or earlier incapacity. The rule also excludes funds constituted under an irrevocable trust whose sole purpose is to pay pension or family pension under specified banking and development finance enactments.</description>
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      <title>Scheme of insurance or annuity</title>
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      <description>Trustees of an approved superannuation fund must provide annuities for beneficiaries by entering into a scheme of insurance with the Life Insurance Corporation or another insurer, or by accumulating contributions and purchasing an annuity on retirement, death, or earlier incapacity. The rule also excludes funds constituted under an irrevocable trust whose sole purpose is to pay pension or family pension under specified banking and development finance enactments.</description>
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