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Status:
Point in time view as at 01/01/2014.
Changes to legislation:
There are currently no known outstanding effects for the The Personal Pension Schemes (Compensation) Regulations 1988, Section 2.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Application of RegulationsU.K.
2. These Regulations apply to any scheme except a scheme which takes the form—
[(a)mentioned in [regulation 2(2)(a)] of the Appropriate Schemes Regulations (insurance policies and annuity contracts), being a scheme established by an authorised insurer who is subject to the provisions of, or participates in, the Financial Services Compensation Scheme:]
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c)mentioned in regulation 2(1)(b) of those Regulations (unit trust schemes), being a scheme of which the trustee and operator are both subject to the provisions of [the Financial Services Compensation Scheme]; and
[(d) mentioned in [regulation 2(2)(c)] of those Regulations (interest-bearing accounts etc. with banks and building societies) being a scheme which is established by an authorised deposit taker who is subject to the provisions of, or participates in, the Financial Services Compensation Scheme. ]
and in these Regulations a scheme to which these Regulations apply is referred to as a “liable scheme”.
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