Regulation 9 Investment of contributions

Any contributions paid by a contributor for investment under this regulation in accordance with any notice under regulation 4(2) or 6(1) or (2) shall be invested by the Department in one or more of the funds authorised by it for the purposes of these Regulations managed by an authorised insurance company selected by it.

Regular contributions to secure the payment of a lump sum death benefit shall be invested by the Department with an authorised insurance company selected by it so as to secure the payment of a lump sum death benefit of the amount required by any notice under regulation 4(2) or 6(3).