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(b)in paragraph (a), the word “ordinary” is repealed.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