The Occupational Pension Schemes (Investment) Regulations 2005

[F1 Investments relating to a default arrangement

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

F1 Reg. 4A inserted (6.4.2015) by The Occupational Pension Schemes (Charges and Governance) Regulations 2015 (S.I. 2015/879), regs. 1(2), 20(c)