Pension Schemes Act 1993 (c. 48)
This section has no associated Explanatory Notes
2(1)Section 84 (basis of revaluation of accrued benefits) is amended as follows.
(2)In subsection (3), after “money purchase benefit” insert “other than a collective money purchase benefit”.
(3)After subsection (3A) insert—
“(3AA)If any such benefit as is mentioned in section 83(1)(a) is a collective money purchase benefit, the benefit shall be revalued using the cash balance method.”