Pension Schemes Act 2021 (c. 1)

SCHEDULES

SCHEDULE 3 Collective money purchase benefits: minor and consequential amendments

Pensions Act 2004 (c. 35)

16 In section 126 (schemes eligible for pension protection), after subsection (1) insert—

“(1A) Where a 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 Part as a separate money purchase scheme.”