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The Police Pensions (Additional Voluntary Contributions) Regulations 1991
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- UK Statutory Instruments
- 1991 No. 1304
- Regulation 9
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Investment of contributions
9.—(1) Basic contributions are to be invested by the police authority in accordance with any election for the time being having effect under regulation 4(1) or 6(1)(b) or (c).
(2) In paragraph (1) “invested” means invested with the Society in one or more of the following ways:
(a)in The Equitable Life With-Profits Fund;
(b)in The Equitable Life Unit-Linked Managed Pensions Fund;
(c)for deposit by the Society with the Woolwich Building Society.
(3) Death benefit contributions and further contributions under regulation 5(5) are to be invested by the police authority with the Society so as to secure death benefit cover of the amount required by any election for the time being having effect under regulation 5(1) or (5) or 6(2) or (3).
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