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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

individual pension contract

    a pension policy or pension contract under which contributions are paid to:

      1. (a) a personal pension scheme; or
      1. (b) a retirement benefits scheme60 for the provision of relevant benefits by means of an annuity contract made with an insurance company of the employee's choice560 where that contract:60
        1. (i) was approved under section 591(2)(g) of the Income and Corporation Taxes Act 1988 (when that section was in force); or60
        1. (ii) is a registered pension scheme under Chapter 2 of Part 4 of the Finance Act 2004.60