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Pension Schemes Act 2015

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1Introduction

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(1)This Part defines some key expressions used in pensions legislation—

(a)defined benefits scheme - see section 2;

(b)shared risk scheme (sometimes known as “defined ambition”) - see section 3;

(c)defined contributions scheme - see section 4.

(2)The definitions—

(a)do not apply in any public service pensions legislation;

(b)apply in other legislation only where legislation expressly provides for the definitions to apply.

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