Amendment of regulation 3
This section has no associated Explanatory Memorandum
2. In regulation 3 of the Occupational Pension Schemes (Charges and Governance) Regulations 2015(1) (default arrangement), for paragraph (6) substitute—
“(6) An arrangement is not a default arrangement if—
(a)at any time before a benefit under that arrangement comes into payment, it provides for a pensions promise to be obtained from a third party in relation to any such benefit; or
(b)it provides no benefits other than benefits which are attributable to additional voluntary contributions.”.
(1)