7.—(1) The Pensions Act (Northern Ireland) 2008 is amended in accordance with paragraphs (2) and (3).
(2) Paragraphs 7, 16, 24, 25, 30, 32, 33 and 36 of Schedule 4 (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 85(4) of the Pensions (No. 2) Act (Northern Ireland) 2008) (in spite of section 13(4) of the Pensions Act (Northern Ireland) 2008).
(3) In Part 2 of Schedule 4 (further amendments) (which is not yet in operation)—
(a)omit paragraph 54 (which would have amended section 46 of the Pension Schemes Act);
(b)in paragraph 55 (which amends section 160 of the Pension Schemes Act) for the words from “in paragraph (b)” to the end substitute “omit paragraph (b).”;
(c)in paragraph 58(3), in the text to be substituted in paragraph 5(1) of Schedule 1 to the Pension Schemes Act—
(i)omit “34,”;
(ii)omit “(except as they apply to personal pension schemes, the members of such schemes or rights in respect of them)”.