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

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Pension credits: qualifying arrangements

159.—(1) Paragraph 6 of Schedule 5 to the Welfare Reform and Pensions Act 1999 (pension credits: qualifying arrangements) is amended as follows.

(2) In sub-paragraph (2)—

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

(b)in paragraph (a), the word “ordinary” is repealed.

(3) For sub-paragraph (3) substitute—

(3) “Insurer” and “long-term insurance business” have the meaning given in section 180A of the Pension Schemes Act 1993..

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