[F1Investments relating to a default arrangement
This
adran has no associated
Memorandwm Esboniadol
4A. Where regulation 4(2) does not apply to a relevant scheme, the assets allocated to the scheme’s default arrangement must be invested—
(a)in the best interests of relevant members and relevant beneficiaries; and
(b)in the case of a potential conflict of interest, in the sole interest of those members and beneficiaries.]
Textual Amendments