Pensions Act 2014 (c. 19)

SCHEDULES

SCHEDULE 17 E+W+S Automatic transfer of pension benefits etc

Part 3 E+W+S Interpretation etc

Interpretation etc E+W+S

15 (1) In this Schedule— E+W+S

• “active member”—

  (a)

  in relation to an occupational pension scheme, has the meaning given by section 124(1) of the Pensions Act 1995, and

  (b)

  in relation to a personal pension scheme, means a member of the scheme in respect of whom contributions are being paid into the scheme;

• “automatic transfer scheme” has the meaning given by paragraph 1(2);

• “managers”, in relation to a pension scheme (other than a scheme established under a trust), means the persons responsible for the management of the scheme;

• “money purchase benefits” has the meaning given by section 181(1) of the Pension Schemes Act 1993;

• “money purchase scheme” has the meaning given by section 181(1) of the Pension Schemes Act 1993;

• “occupational pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993;

• “pension scheme” means—

  (a)

  an occupational pension scheme, or

  (b)

  a personal pension scheme;

• “personal pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993;

• “prescribed” means prescribed by regulations made by the Secretary of State;

• “qualifying member” has the meaning given by paragraph 1(3);

• “the Regulator” means the Pensions Regulator;

• “transferable benefits”, and references to a person having transferable benefits, are to be read in accordance with paragraph 1(4);

• “transferable benefits scheme” has the meaning given by paragraph 1(5);

• “transfer notice” means a notice given under regulations made because of paragraph 3;

• “work-based pension scheme” means—

  (a)

  an occupational pension scheme,

  (b)

  a personal pension scheme where direct payment arrangements (within the meaning of section 111A of the Pension Schemes Act 1993) exist in respect of one or more members of the scheme who are workers, or

  (c)

  a personal pension scheme which is or has been registered under section 2 of the Welfare Reform and Pensions Act 1999 (stakeholder pension schemes);

• “worker” means a person—

  (a)

  who is a worker for the purposes of Part 1 of the Pensions Act 2008, or

  (b)

  to whom a provision of Part 1 of that Act applies as if the person were a worker because of a provision of Chapter 8 of that Part;

  but for the purposes of paragraph (b), ignore section 92 of that Act.

(2) The Secretary of State may by regulations make provision about when contributions to a pension scheme are to be regarded as having ceased for the purposes of paragraph 1(4)(c) or 14(4).

Commencement Information

I1 Sch. 17 para. 15(1) in force at 11.9.2014 for specified purposes by S.I. 2014/2377, art. 2(1)(a)(i)(2)(j)