Explanatory Notes

Pension Schemes Act 2015

2015 CHAPTER 8

3 March 2015

Commentary on Sections

Part 4 Pension Flexibilities

Section 66: Sections 61 to 63: consequential amendments

224.This section has the same purpose as section 60: it makes certain changes to other pensions legislation relating to Northern Ireland, in order to ensure that sections 61 to 63 (drawdown, the conversion of benefits and the payment of lump sums) and any regulations made under those provisions override conflicting provisions in scheme rules.