Transitional periods for money purchase and personal pension schemes5.

For the purposes of section 29 (transitional periods for money purchase and personal pension schemes)—

(a)

the first transitional periodF1..., beginning with the coming into operation of section 20 (quality requirement: UK money purchase schemes) F2, ends on 5th April 2018 , and

(b)

the second transitional period is one year, beginning with F36th April 2018 and ending on 5th April 2019 .