PART 2SIMPLIFICATION ETC.
Private pensions
Revaluation of accrued benefits etc.80
(1)
Schedule 1, which—
(a)
amends Schedule 2 to the Pension Schemes Act (methods of revaluing accrued pension benefits),
(b)
amends Schedule 6 to the 2005 Order (pension compensation provisions), and
(c)
makes consequential amendments,
has effect.
(2)
The amendments made by Parts 1 and 3 of Schedule 1 do not apply in relation to a revaluation period ending before this section comes into operation.
(3)
In subsection (2) “revaluation period” has the same meaning as in paragraph 2(2) of Schedule 2 to the Pension Schemes Act.