PART 4Pensions flexibilities

CHAPTER 3Drawdown, conversion of benefits and lump sums

Great Britain

60Sections 55 to 57: consequential amendments

1

In section 101AI of the Pension Schemes Act 1993 (early leavers: cash transfer sums and contribution refunds - further provisions), in subsection (8)—

a

in paragraph (a), after sub-paragraph (ix) insert—

x

section 55 of the Pension Schemes Act 2015;

xi

regulations made under section 56 or 57 of the Pension Schemes Act 2015;

b

in paragraph (b), after sub-paragraph (vii) insert—

viii

section 55(3) of the Pension Schemes Act 2015;

ix

regulations made under section 56(4) or 57(4) of the Pension Schemes Act 2015.

2

In section 67A of the Pensions Act 1995 (the subsisting rights provisions: interpretation), in subsection (9)—

a

in paragraph (a), after sub-paragraph (x) (inserted by section 45 of this Act) insert—

xi

section 55 of the Pension Schemes Act 2015;

xii

regulations made under section 56 or 57 of the Pension Schemes Act 2015;

b

in paragraph (b), after sub-paragraph (viii) (inserted by section 45 of this Act) insert—

ix

section 55(3) of the Pension Schemes Act 2015;

x

regulations made under section 56(4) or 57(4) of the Pension Schemes Act 2015.

3

In section 318 of the Pensions Act 2004 (interpretation), in subsection (3)—

a

in paragraph (a), after sub-paragraph (x) (inserted by Schedule 2 to this Act) insert—

xi

section 55 of the Pension Schemes Act 2015;

xii

regulations made under section 56 or 57 of the Pension Schemes Act 2015;

b

in paragraph (b), after sub-paragraph (viii) (inserted by Schedule 2 to this Act) insert—

ix

section 55(3) of the Pension Schemes Act 2015;

x

regulations made under section 56(4) or 57(4) of the Pension Schemes Act 2015.