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)

I2 S. 57 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)