Regulation 7 Investment of additional voluntary contributionsI1
England and Wales
Any contributions paid in respect of a contributor for investment under this paragraph shall be invested by the Secretary of State in accordance with any notice under regulation 3(4) or 5(1).
Any contributions paid in respect of a contributor to provide for a lump sum death benefit under this paragraph shall be paid by the Secretary of State to an F1insurer selected by him so as to secure the payment of a lump sum death benefit of the amount required by any notice under regulation 3(4) or 5(2).
Annotations
Textual amendments
- F1
Word in reg. 7(2) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 589(4)
Commencement
- I1
Reg. 7 in force at 10.4.2000, see reg. 1(2)