Repeal and amendment of certain amending provisions of the Pensions Act 2007 before their commencement
8.—(1) Paragraphs 7, 16, 24, 25, 30, 32, 33 and 36 of Schedule 4 to the Pensions Act 2007 (abolition of contracting-out for defined contribution pension schemes) are omitted, and are not to have any effect from the contracting-out abolition date (within the meaning of section 106(4) of the Pensions Act 2008) (in spite of section 15(4) of the Pensions Act 2007).
(2) In Part 2 (further amendments) of Schedule 4 to the Pensions Act 2007 (which is not yet in force)—
(a)omit paragraph 55 (which would have amended section 50 of the Pension Schemes Act 1993),
(b)in paragraph 56 (which amends section 164 of the Pension Schemes Act 1993), for the words from “in paragraph (b)” to the end, substitute “omit paragraph (b)”,and
(c)in paragraph 59(3), in the text to be inserted in paragraph 5(1) of Schedule 2 to the Pension Schemes Act 1993, omit “38,” and “(except as they apply to personal pension schemes, the members of such schemes or rights in respect of them)”.