SCHEDULES

SCHEDULE 2Other amendments to do with Parts 1 and 2

13Pensions Act 1995 (c. 26)

1

Section 87 (schedules of payments to money purchase schemes) is amended as follows.

2

For subsection (1) substitute—

1

This section applies to an occupational pension scheme that is a scheme under which —

a

all the benefits that may be provided are money purchase benefits, or

b

all the benefits that may be provided are money purchase benefits or collective benefits,

other than a scheme falling within a prescribed class or description.

3

In subsection (2)(a), after “members of the scheme” insert “in respect of money purchase benefits”.

4

In the heading, for “to money purchase schemes” substitute “in respect of money purchase benefits under certain schemes”.