SCHEDULES
SCHEDULE 6Collective money purchase benefits: minor and consequential amendments for Northern Ireland
Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.))
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(1)
Schedule 18 (power to restrict charges or impose requirements in relation to schemes) is amended as follows.
(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 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Schedule as a separate scheme.”