35(1)Section 18 (pension liberation: interpretation) is amended as follows.E+W+S
(2)In subsection (2)(a)—
(a)after “accrued rights” insert “ or an entitlement ”;
(b)in sub-paragraph (ii), for “the applicable rules” substitute “ the scheme rules ”.
(3)In subsection (3)—
(a)for paragraph (a) substitute—
“(a)section 94 of the Pension Schemes Act 1993 (right to cash equivalent under Chapter 1 of Part 4ZA of that Act);”;
(b)in paragraph (b), for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.
(4)In subsection (4)(d), for “the applicable rules” substitute “ the scheme rules ”.
(5)Omit subsection (5).