Regulation 14D Disapplication of regulations 13 to 14C in certain circumstancesF1

(1)

The circumstances referred to in regulation 13(5) are as follows.

(2)

In relation to a member of a stakeholder pension scheme that is a personal scheme the circumstances are that—

(a)

the scheme is a qualifying scheme in relation to an employer; and

(b)

the member's workplace contributions are allocated under a default arrangement.

(3)

In relation to a member of a stakeholder pension scheme that is an occupational pension scheme, the circumstances are that Part 2 of the Occupational Pension Schemes (Charges and Governance) Regulations 2015 applies to the scheme.

(4)

In this regulation, “default arrangement” and “workplace pension contributions” have the meanings given in the FCA Handbook.

Annotations

Textual amendments

F1: Reg. 14D inserted (6.4.2015) by The Occupational Pension Schemes (Charges and Governance) Regulations 2015 (S.I. 2015/879), regs. 1(2), 12(3)