Pension Schemes Act 2021 (c. 1)

PART 1 Collective money purchase benefits

Definitions

6 Amendment of definitions of “money purchase benefits” etc

(1) Schedule 1 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 Act 1993;

(c) Part 1 of the Pensions Act 2008 (pension scheme membership for jobholders).

(2) In section 32 of the Pensions Act 2011 (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 2 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 1 to the Pension Schemes Act 2021”.