Regulation 27 Separate treatment of AVCs and SCAVCs from other contributionsI1

England, Wales and Scotland Not yet in force

(1)

Regulations 46 (return of contributions) and 47 (exclusion of rights to return of contributions) do not apply to—

(a)

AVCs or SCAVCs payable under these Regulations or under any agreement made for the payment of AVCs before the commencement date; or

(b)

interest on late payments which relate to AVCs or SCAVCs.

(2)

The regulations mentioned in paragraph (3) do not apply in relation to benefits under—

(a)

such a policy as is mentioned in regulation 26(3)(b); or

(b)

any agreement made for the payment of AVCs or SCAVCs before the commencement date.

(3)

Those regulations are—

(a)

regulation 55 (first instance decisions);

(b)

regulation 72 (forfeiture of pension rights);

(c)

regulation 73 (interim payments directions); and

(d)

regulation 74 (recovery and retention where former member has misconduct obligations).

Annotations