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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.

pension fund management

    (in relation to a class of contract of insurance) the class of contract of insurance specified in paragraph VII of Part II of Schedule 1 to the Regulated Activities Order (Contracts of long-term insurance) namely:

      1. (a) pension fund management contracts; and
      1. (b) pension fund management contracts which are combined with contracts of insurance covering either conservation of capital or payment of a minimum interest;

    where effected or carried out by a person who does not carry on a banking business, and otherwise carries on insurance business.5