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Regulation 6A Appointment of service providers in respect of relevant schemesF1

The trust deed or scheme rules must not contain a provision that—

(a)

requires that the administrative, fund management, advisory or other services in respect of the scheme are provided by a person identified in any document; or

(b)

restricts the choice of person who may be appointed to provide such services.

(2)

Paragraph (1) overrides any provision of a relevant scheme to the extent that it conflicts with that paragraph.

(3)

In relation to a relevant scheme which is not a money purchase scheme, this regulation applies only in relation to services which are provided in connection with the provision of money purchase benefits.

Annotations

Textual amendments

F1

Reg. 6A inserted (6.4.2015) by The Occupational Pension Schemes (Charges and Governance) Regulations 2015 (S.I. 2015/879), regs. 1(2), 15(b)

Notes on Part II

Textual amendments

F1

Pt. 2 heading substituted (6.4.2015) by The Occupational Pension Schemes (Charges and Governance) Regulations 2015 (S.I. 2015/879), regs. 1(2), 15(a)