OpenLegislation

Regulation 7 Investment of additional voluntary contributionsI1

England and Wales

(1)

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).

(2)

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)