Where do these provisions leave organisations that already have voluntary schemes up and running?
TDP will replace voluntary schemes. Voluntary schemes will not be permitted to take new deposits in England and Wales from 6 April 2007. Any private organisation was eligible, under the competitive tendering process, to submit a bid to run a scheme. Communities and Local Government recognise the specialised knowledge that such organisations have and they were welcome to submit bids in response to the two Notices published in the Official Journal of the European Union in August 2005.
