{
  "url": "https://openlegislation.uk/money-purchase-contracted-out-schemes-regulations-1987/schedule/paragraph-1",
  "json_url": "https://openlegislation.uk/money-purchase-contracted-out-schemes-regulations-1987/schedule/paragraph-1.json",
  "legislation": "uksi/1987/1101",
  "legislation_title": "The Money Purchase Contracted-out Schemes Regulations 1987",
  "legislation_url": "https://openlegislation.uk/money-purchase-contracted-out-schemes-regulations-1987",
  "path": "schedule/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "Insurance policies, or annuity contracts, or both, which are—\n(a) issued by either—\n(i) a person or body (not being a Friendly Society) which is authorised by virtue of Chapter III of Part I of the Financial Services Act 1986; or\n(ii) a Friendly Society which is so authorised and has disclosed in its audited accounts a contributions income of not less than £300,000 in the year 1986 and not less than £400,000 in the year 1987;\nand which are—\n(b) issued under, or in connection with, arrangements which do not permit the trustees of the scheme to direct the way in which the investment of premiums paid or payable to the person or body, specified in sub-paragraphs (a)(i) or (ii), in respect of those policies or contracts, shall be made.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "substituted",
      "affecting": "uksi/1995/35",
      "affecting_title": "The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 1995"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1995/35",
      "affecting_title": "The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 1995"
    },
    {
      "type": "amended",
      "affecting": "uksi/1995/35",
      "affecting_title": "The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 1995"
    },
    {
      "type": "amended",
      "affecting": "uksi/1990/1141",
      "affecting_title": "The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1990"
    },
    {
      "type": "modified",
      "affecting": "uksi/1992/3218",
      "affecting_title": "The Banking Coordination (Second Council Directive) Regulations 1992 (revoked)"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/1101/schedule/paragraph/1",
    "retrieved_at": "2026-10-29T16:24:58.368479+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}