PART 2Collective money purchase benefits: Northern Ireland

Definitions

I157Amendment of definitions of “money purchase benefits” etc

1

Schedule 4 contains amendments of definitions of “money purchase benefits” in—

a

Schedule 10A to the Building Societies Act 1986 (disclosures about directors, other officers and employees in notes to accounts);

b

the Pension Schemes (Northern Ireland) Act 1993;

c

Part 1 of the Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.)) (pension scheme membership for jobholders).

2

In section 30 of the Pensions Act (Northern Ireland) 2012 (c. 3 (N.I.)) (power to amend definitions of “money purchase benefits” in certain Acts)—

a

in subsection (1)—

i

for “purpose the” substitute

purpose—

a

the

ii

at the end insert

, or

b

section 53 of the Pension Schemes Act 2021 (collective money purchase benefits: meaning of “qualifying benefits”).

b

in subsection (2), at the end insert “ or by Schedule 4 to the Pension Schemes Act 2021 ”.