5E+W+SThe Pensions Act 2008 is amended as follows.
Commencement Information
I1Sch. 1 para. 5 in force at Royal Assent for specified purposes, see s. 131(3)(a)
6(1)Section 99 (interpretation of Part 1: pension scheme membership for jobholders) is amended as follows.E+W+S
(2)At the appropriate place insert—
““collective money purchase benefit” has the meaning given by section 1 of the Pension Schemes Act 2021;”.
(3)In the definition of “money purchase benefits”—
(a)for “means benefits” substitute “means—
(a)benefits”;
(b)at the end insert “, and
(b)collective money purchase benefits;”.
Commencement Information
I2Sch. 1 para. 6 in force at Royal Assent for specified purposes, see s. 131(3)(a)
7E+W+SIn section 99A(1) (money purchase benefits: supplementary), for “the definition” substitute “ paragraph (a) of the definition ”.
Commencement Information
I3Sch. 1 para. 7 in force at Royal Assent for specified purposes, see s. 131(3)(a)