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Pension Schemes Act 2021

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25(1)Schedule 18 (power to restrict charges or impose requirements in relation to schemes) is amended as follows.N.I.

(2)In paragraph 1(1) (power to restrict charges), in each of paragraphs (a) and (b), for “a member” substitute “ members ”.

(3)In paragraph 4 (interpretation), after sub-paragraph (2) insert—

(3)Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Schedule as a separate scheme.

Commencement Information

I1Sch. 6 para. 25 in force at Royal Assent for specified purposes, see s. 131(3)(a)

I2Sch. 6 para. 25 in force at 29.4.2022 in so far as not already in force by S.R. 2022/173, art. 2(c)

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