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Regulation 3 Relevant annuity

Original text. Later amendments are not shown.

For the purposes of section 333A(2)(b) of the 2000 Act (meaning of “pensions guidance” in Part 20A of that Act), an annuity is a “relevant annuity” if—

(a)

it was purchased out of funds from a pension scheme; and

(b)

it is not an asset of a pension scheme.