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Pensions Act 2007

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This is the original version (as it was originally enacted).

Pension Schemes Act 1993 (c. 48)

This section has no associated Explanatory Notes

16(1)Section 38 (alteration of rules of appropriate schemes) is amended as follows.

(2)For subsection (1) substitute—

“(1)No alteration of the rules of a personal pension scheme which was an appropriate scheme shall be made so as—

(a)to affect any of the matters dealt with in sections 26 to 33; or

(b)to cause the scheme to take a different permitted form from that previously taken.”

(3)For subsection (5) substitute—

“(5)This section has effect in relation to a personal pension scheme for so long as there are persons who have protected rights under the scheme or who are entitled to any benefit giving effect to such rights under it.”

(4)In the sidenote, for “appropriate schemes” substitute “personal pension schemes”.

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