SCHEDULES
SCHEDULE 7 BASIC LIFE ASSURANCE AND GENERAL ANNUITY BUSINESS
Computation of trading profit
4
1
In section 436 of that Act (general annuity business and pension business: separate charge on profits) in subsection (1)—
a
the words “general annuity business or” shall cease to have effect, and
b
in paragraph (a), for the words
“the business of each such class” there shall be substituted the words “that business
”
.
2
In subsection (3) of that section—
a
in paragraph (c), the words “or general annuity business”, and
b
in paragraph (e), the words “general annuity business or”,
shall cease to have effect.
3
In subsection (4) of that section, the words “general annuity business or” shall cease to have effect.
4
In section 437 of that Act (general annuity business) subsections (2) to (5) shall cease to have effect.