Management of the fund

Management of the fund5

1

This regulation specifies the sums which the Committee must pay or credit to and may pay from the fund it administers.

2

The Committee must pay or credit to the fund, in addition to any other sum the 2000 regulations specify must be paid or credited to the fund—

a

the amounts payable by it or paid to it for the credit of the fund by employing authorities under regulations L5 to L7 of the 2000 regulations (employers' contributions),

b

all members' contributions except contributions payable under regulation C24 of the 2000 regulations (additional voluntary contributions),

c

all income arising during the year from investment of the fund,

d

all capital money deriving from such investment, and

e

all additional payments received by it under the 2000 regulations.

3

Interest under regulations L5 to L7 of the 2000 regulations must be credited and paid to the fund.

4

Any costs, charges and expenses incurred in administering the fund (except those incurred in connection with a FSAVC scheme) may be paid from it.