23E+W+SThe Pensions Act 2014 is amended as follows.
Commencement Information
I1Sch. 3 para. 23 in force at Royal Assent for specified purposes, see s. 131(3)(a)
I2Sch. 3 para. 23 in force at 13.12.2021 in so far as not already in force by S.I. 2021/1394, reg. 2(a)
24E+W+SIn section 54(2) (regulations subject to affirmative procedure), omit the “or” after paragraph (e) and at the end of paragraph (f) insert “, or
(g)the first regulations under paragraph 1 or 3 of that Schedule that make provision in relation to collective money purchase schemes within the meaning of Part 1 of the Pension Schemes Act 2021 (see section 1 of that Act).”
Commencement Information
I3Sch. 3 para. 24 in force at Royal Assent for specified purposes, see s. 131(3)(a)
I4Sch. 3 para. 24 in force at 13.12.2021 in so far as not already in force by S.I. 2021/1394, reg. 2(a)
25(1)Schedule 18 (power to restrict charges or impose requirements in relation to schemes) is amended as follows.E+W+S
(2)In paragraph 1(1) (power to restrict charges), in each of paragraphs (a) and (b), for “a member” substitute “ members ”.
(3)In paragraph 4 (interpretation), after sub-paragraph (2) insert—
“(3)Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this Schedule as a separate scheme.”
Commencement Information
I5Sch. 3 para. 25 in force at Royal Assent for specified purposes, see s. 131(3)(a)
I6Sch. 3 para. 25 in force at 13.12.2021 in so far as not already in force by S.I. 2021/1394, reg. 2(a)