SCHEDULES

SCHEDULE 12Minor and consequential amendments

Welfare Reform and Pensions Act 1999 (c. 30)

76

I81

Paragraph 1 of Schedule 1 (application of enactments relating to occupational schemes to certain stakeholder schemes) is amended as follows.

2

In sub-paragraph (2), in paragraph (b)—

I1a

in sub-paragraph (i) for the words from “except” to the end substitute “except sections 7(5A)(b), 8(1)(a) and (c) and (2), 11(3A) and (3B) and 15(1),

I6b

in sub-paragraph (ii) for “31” substitute “ 30 ”,

I8c

in sub-paragraph (iii) omit the words from “except” to the end,

I6d

for sub-paragraph (v) substitute—

v

section 47 (professional advisers);

e

in sub-paragraph (vii) for “section 50” substitute “ sections 50 to 50B ”.

I2I4I5I93

After that paragraph insert

; and

c

the following provisions of the Pensions Act 2004—

i

section 67 (accessibility of register of prohibited trustees);

ii

Chapters 4 and 5 of Part 2 (fraud compensation and information gathering);

iii

sections 247 to 249 (requirements for knowledge and understanding); and

iv

section 318 (interpretation).

I14

In sub-paragraph (5), after “1995 Act” insert “ , and section 318(1) of the Pensions Act 2004, ”.

I3I75

After sub-paragraph (5) insert—

6

Chapters 4 and 5 of Part 2 of the Pensions Act 2004 (as applied by sub-paragraph (1)) shall have effect with such modifications as the Secretary of State may prescribe by regulations.