SCHEDULES

SCHEDULE 6Collective money purchase benefits: minor and consequential amendments for Northern Ireland

Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))

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In Article 75 (deficiencies in the assets of certain occupational pension schemes), after paragraph (1) insert—

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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 Article as a separate occupational pension scheme which is a money purchase scheme.