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Pensions Act 2011

Section 31: Consequential and supplementary

162.Section 31 provides a power to make consequential or supplementary provision (including provision amending other legislation).

163.Subsection (2) extends the power in section 307 of the PA 2004 to allow the provisions of that Act relating to scheme funding to be modified in relation to hybrid schemes, multi-employer schemes or partnerships. This power allows provision to be made for hybrid schemes which may provide both money purchase and defined benefits, so that regulatory requirements are able to be separately applied to the different parts of the scheme.

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