Introduction
This section has no associated Explanatory Notes
1.—(1) This Part defines some key expressions used in pensions legislation—
(a)defined benefits scheme - see section 2;
(b)shared risk scheme (sometimes known as “defined ambition”) - see section 3;
(c)defined contributions scheme - see section 4.
(2) The definitions—
(a)do not apply in any public service pensions legislation;
(b)apply in other legislation only where legislation expressly provides for the definitions to apply.