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The Savings Bank Annuity Regulations 1969
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- UK Statutory Instruments
- 1969 No. 1336
- Explanatory Note
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EXPLANATORY NOTE
These Regulations contain provisions relating to the payment of savings bank annuities which were formerly payable through the medium of the Postmaster General's Department and in consequence of the abolition of that Department by the Post Office Act 1969 are payable on behalf of the National Debt Commissioners by the Director of Savings. They also provide for transfers of savings bank annuities granted through the medium of the Postmaster General's Department. The Regulations replace those provisions of the Post Office Annuity Regulations 1928 (S.R. & 1928/1094), as amended, which are still applicable now that new annuities can no longer be granted. The Regulations of 1928 cease to have effect by virtue of the repeal by the Post Office Act 1969 of the enactment under which they were made.
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