Section 21B(5)

In this regulation— “authorised person” has the meaning given in section 31 of the Financial Services and Markets Act 2000; “direct marketing in relation to occupational pension schemes or personal pension schemes” includes— the marketing of a product or service to be acquired using funds held, or previously held, in an occupational pension scheme or a personal pension scheme, the offer of any advice or other service that promotes, or promotes the consideration of, the withdrawal or transfer of funds from an occupational pension scheme or a personal pension scheme, and the offer of any advice or other service to enable the assessment of the performance of an occupational pension scheme or a personal pension scheme (including its performance in comparison with other forms of investment); “existing client relationship” does not include a relationship established at the instigation of the caller primarily for the purpose of avoiding the restriction in paragraph (1); and “occupational pension scheme” and “personal pension scheme” have the meanings given in section 1(1) of the Pension Schemes Act 1993.

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Source: legislation.gov.uk · retrieved 2026-09-04