Pension Schemes Act 2015 (c. 8)

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PART 4 U.K. Pensions flexibilities

CHAPTER 3 U.K. Drawdown, conversion of benefits and lump sums

Great Britain E+W+S

60 Sections 55 to 57: consequential amendments E+W+S

(1) In section 101AI of the Pension Schemes Act 1993 (early leavers: cash transfer sums and contribution refunds - further provisions), in subsection (8)—

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

“(x) section 55 of the Pension Schemes Act 2015;

(xi) regulations made under section 56 or 57 of the Pension Schemes Act 2015;”;

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

“(viii) section 55(3) of the Pension Schemes Act 2015;

(ix) regulations made under section 56(4) or 57(4) of the Pension Schemes Act 2015.”

(2) In section 67A of the Pensions Act 1995 (the subsisting rights provisions: interpretation), in subsection (9)—

(a) in paragraph (a), after sub-paragraph (x) (inserted by section 45 of this Act) insert—

“(xi) section 55 of the Pension Schemes Act 2015;

(xii) regulations made under section 56 or 57 of the Pension Schemes Act 2015;”;

(b) in paragraph (b), after sub-paragraph (viii) (inserted by section 45 of this Act) insert—

“(ix) section 55(3) of the Pension Schemes Act 2015;

(x) regulations made under section 56(4) or 57(4) of the Pension Schemes Act 2015.”

(3) In section 318 of the Pensions Act 2004 (interpretation), in subsection (3)—

(a) in paragraph (a), after sub-paragraph (x) (inserted by Schedule 2 to this Act) insert—

“(xi) section 55 of the Pension Schemes Act 2015;

(xii) regulations made under section 56 or 57 of the Pension Schemes Act 2015;”;

(b) in paragraph (b), after sub-paragraph (viii) (inserted by Schedule 2 to this Act) insert—

“(ix) section 55(3) of the Pension Schemes Act 2015;

(x) regulations made under section 56(4) or 57(4) of the Pension Schemes Act 2015.”