Pension Schemes Act 2015

Pensions Act 2004 (c. 35)

This adran has no associated Nodiadau Esboniadol

38(1)Section 318 (interpretation) is amended as follows.

(2)In subsection (1)—

(a)at the appropriate places insert—

  • ““collective benefit” has the meaning given by section 8 of the Pension Schemes Act 2015;”

  • ““defined benefits scheme” has the meaning given by section 2 of the Pension Schemes Act 2015;”

  • ““defined contributions scheme” has the meaning given by section 4 of the Pension Schemes Act 2015;”

  • ““occupational”, in relation to a defined benefits scheme, shared risk scheme or defined contributions scheme, means an occupational pension scheme of that description;”

  • ““shared risk scheme” has the meaning given by section 3 of the Pension Schemes Act 2015;”;

(b)omit the definition of “money purchase scheme”.

(3)In subsection (3)—

(a)in paragraph (a), after sub-paragraph (vii) insert—

“(viii)regulations made under Schedule 17 to the Pensions Act 2014;

(ix)regulations made under Schedule 18 to the Pensions Act 2014;

(x)regulations made under Part 2 of the Pension Schemes Act 2015;”;

(b)in paragraph (b), after sub-paragraph (v) insert—

“(vi)regulations made under paragraph 17 of Schedule 17 to the Pensions Act 2014;

(vii)regulations made under paragraph 6 of Schedule 18 to the Pensions Act 2014;

(viii)regulations made under section 34 of the Pension Schemes Act 2015;”.