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The Personal Pension Schemes (Compensation) Regulations 1988

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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Point in time view as at 01/01/2014.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. Help about Changes to Legislation

Application of RegulationsU.K.

2.  These Regulations apply to any scheme except a scheme which takes the form—

[F1(a)mentioned in [F2regulation 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:]

F3(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 [F4the Financial Services Compensation Scheme]; and

[F5(d) mentioned in [F6regulation 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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