Application of Part 1 of the ActI127
1
Part 1 of the Act does not apply to schemes to which one or more of the following paragraphs apply.
2
This paragraph applies where—
a
the scheme has only one member, and
b
the member is, or has been, employed by all the employers which use the scheme.
3
This paragraph applies where the scheme is a relevant small scheme as defined in regulation 1(2ZB)29 of the Administration Regulations, and—
a
the scheme has only one member, or
b
50% or more of the trustees are members of the scheme.
4
This paragraph applies where the only money purchase benefits provided by the scheme are attributable to one or more of the following—
a
additional voluntary contributions made by or on behalf of non-money purchase members of the scheme, in respect of a period when—
i
they are active members of the scheme, or
ii
they have ceased to be active members of the scheme because they have reached a maximum service limit in relation to the scheme;
b
money purchase rights or benefits transferred from other pension schemes in respect of persons who, at the time of the transfer, were active non-money purchase members of the receiving scheme, where those rights or benefits are closed to future accrual;
c
pension credits created pursuant to Article 26 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (creation of pension debits and credits).