- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
The Personal Pension Schemes (Advertisements) Regulations 1990
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- Offerynnau Statudol y Deyrnas Unedig
- 1990 No. 1140
- Explanatory Note
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Changes to legislation:
There are currently no known outstanding effects for the The Personal Pension Schemes (Advertisements) Regulations 1990.
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Explanatory Note
(This note is not part of the Regulations)
These Regulations make provision relating to the content of advertisements for personal pension schemes which take the form of arrangements for the investment of contributions in an interest-bearing account.
Regulation 1 is formal and regulation 2 specifies the schemes to which the regulations apply.
Regulation 3 specifies the bases on which projections of future benefits are to be made. Regulations 4 prescribes the information which is to be contained in “off the page advertisements”, that is those advertisements which invite persons to respond by either accepting or making an offer to become a member of a scheme. Regulation 5 prohibits any assertion or implication that an advertisement has the approval of a Government Department or the Occupational Pensions Board. Regulation 6 provides for penalties for contravention of the Regulations.
The report of the Occupational Pensions Board on the proposals referred to them, together with a Statement by the Secretary of State showing why the Regulations do not give full effect to the Board's recommendations, is contained in Command Paper No 1085 published by Her Majesty's Stationery Office.
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