Regulation 70 Application and investment of SCAVCs

Where the arrangements established by an employing authority provide for any of the SCAVCs to be used to provide death benefits, the appropriate administering authority must make such arrangements for the provision of those benefits as are specified in regulation 63(1).

The administering authority must invest any SCAVCs which are not to be used to provide death benefits with an approved AVC body.

Regulations 63(2) to (5) and 64(2) to (6) apply as respects SCAVCs as they apply as respects AVCs.