C1PART 1PENSION SCHEME MEMBERSHIP FOR JOBHOLDERS
C1CHAPTER 1EMPLOYERS' DUTIES
Quality requirements
I1I2C2C124C1Quality requirement: UK hybrid schemes
1
A hybrid scheme that has its main administration in the United Kingdom satisfies the quality requirement in relation to a jobholder if it satisfies the requirements mentioned in whichever of these is the appropriate paragraph—
a
the requirements for a money purchase scheme under section 20, subject to any prescribed modifications;
b
the requirements for a defined benefits scheme under sections 21 to F123A , subject to any prescribed modifications.
2
Which paragraph of subsection (1) is appropriate for any hybrid scheme is to be determined by rules made by the Department.
3
The rules may provide for different paragraphs to be appropriate for different provisions of a scheme.
4
The rules may provide for the paragraphs to be appropriate as alternatives, for any scheme or any provisions of a scheme.
Pt. 1 applied (with modifications) (1.7.2012) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), arts. 1(1), 2 (with art. 5)