Pension Schemes Act 2021 (c. 1)

PART 2 N.I. Collective money purchase benefits: Northern Ireland

Definitions N.I.

57 Amendment of definitions of “money purchase benefits” etc N.I.

(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 ”.

Commencement Information

I1 S. 57 in force at Royal Assent for specified purposes, see s. 131(3)(a)