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”.