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The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

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Discharge of liability where guaranteed minimum pension secured by insurance policies or annuity contracts

116.—(1) Section 19 of the Pension Schemes Act 1993 (discharge of liability where guaranteed minimum pension secured by insurance policies or annuity contracts) is amended as follows.

(2) In subsection (4)(a)—

(a)for “insurance company” substitute “insurer”; and

(b)in sub-paragraph (i), the word “ordinary” is repealed.

(3) Subsection (7) is repealed.

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