Regulation 2 Amendment of Principal Regulations

there shall be inserted in the appropriate place in alphabetical order the following definition–

• ““Investment Linked Pension” means a pension which is linked to the performance of investments after it becomes payable and which is payable from the proceeds of an annuity policy authorised by the Secretary of State for the purposes of these Regulations and managed by an insurance company selected by him;”; and

for the definition of “reckonable service” there shall be substituted the following definition–

• ““reckonable service” has the meaning given to it in regulation D1(1)(a) of the 1997 Regulations^f1;”.