(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
A scheme set up by interim deed must show clearly whether the
trust property is held under a common trust fund or whether each
member's benefits are secured by earmarked policies. It is not
satisfactory for the members’ rights against the trust
property to be left uncertain until the definitive deed and rules
are produced.
