Prospective
[1[F1(1)]]In this Schedule—U.K.
[F2“authorised insurer” means—
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance, or
an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of long-term insurance;]
“disregarded service”, in relation to any member of a scheme, means any period of service in judicial office during which an election under section 14A(9) above is in force in respect of the qualifying member;
“normal pension age” means the earliest age at which, if his service had continued until retirement at that age, a member of a scheme might have been entitled to receive a pension under the scheme;
“prescribed” means prescribed by regulations;
“protected rights” has the same meaning as in the [F3the Pension Schemes Act 1993] and, in relation to Northern Ireland, the [F4the Pension Schemes (Northern Ireland) Act 1993];
“qualifying member” means a person to whom Part II of this Schedule applies;
“qualifying service” means the service, or relevant service, by reference to which a qualifying member’s entitlement to benefit under the scheme is calculated; and
“scheme” means the relevant occupational pension scheme constituted by this Act or the Sheriffs’ Pensions (Scotland) Act M11961.
[F5(2)The definition of “authorised insurer” in sub-paragraph (1) must be read with—
(a)section 22 of the Financial Services and Markets Act 2000;
(b)any relevant order under that section;
(c)Schedule 2 to that Act.]
Textual Amendments
F1Sch. 1A para. 1 becomes Sch. 1A para. 1(1) (1.12.2001) by virtue of 1990 c.41, Sch. 13 (as amended (1.12.2001) by S.I. 2001/3649, art. 326(1)(2))
F2Sch. 1A para. 1: definition of “authorised insurer” substituted for definition of “authorised insurance company” (1.12.2001) by 1990 c. 41, Sch. 13 (as amended (1.12.2001) by S.I. 2001/3649, art. 326(1)(3))
F3Words in Sch. 1A para. 1 substituted (7.2.1994) by 1993 c. 48, s. 190, Sch. 8 para. 14(a) (with s. 164); S.I. 1994/86, art. 2
F4Words in Sch. 1A para. 1 substituted (N.I.) (7.2.1994) by 1993 c. 49, s. 184, Sch. 7 para. 18(a); S.R. 1994/17, art. 2
F5Sch. 1A para. 1(2) inserted (1.12.2001) by 1990 c. 41, Sch. 13 (as amended (1.12.2001) by S.I. 2001/3649, art. 326(1)(4))
Modifications etc. (not altering text)
C1Sch. 1A para. 1 amended (1.7.1994) by S.I. 1994/1696, reg. 68, Sch. 8 Pt. I para. 7(2)
Marginal Citations
M11961 c. 42 (71:2).