13(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”.