Regulation 4A Investments relating to a default arrangementF1
Where regulation 4(2) does not apply to a relevant scheme, the assets allocated to the scheme’s default arrangement must be invested—
(a)
in the best interests of relevant members and relevant beneficiaries; and
(b)
in the case of a potential conflict of interest, in the sole interest of those members and beneficiaries.
Annotations
Textual amendments
- F1
Reg. 4A inserted (6.4.2015) by The Occupational Pension Schemes (Charges and Governance) Regulations 2015 (S.I. 2015/879), regs. 1(2), 20(c)