PART 3ENACTMENTS RELATING TO PENSIONS

Welfare Reform and Pensions Act 1999 (c. 30)

Pension credits: qualifying arrangements159

1

Paragraph 6 of Schedule 5 to the Welfare Reform and Pensions Act 1999 (pension credits: qualifying arrangements) is amended as follows.

2

In sub-paragraph (2)—

a

for “insurance company” substitute “insurer”; and

b

in paragraph (a), the word “ordinary” is repealed.

3

For sub-paragraph (3) substitute—

3

“Insurer” and “long-term insurance business” have the meaning given in section 180A of the Pension Schemes Act 1993.