(1)Section 1 of the Pension Schemes Act 1993 (c. 48) (categories of pension scheme) is amended as follows.
(2)The provisions of the section shall become subsection (1) of the section.
(3)In that subsection, for the definitions of “occupational pension scheme” and “personal pension scheme” substitute—
““occupational pension scheme” means a pension scheme—
that—
for the purpose of providing benefits to, or in respect of, people with service in employments of a description, or
for that purpose and also for the purpose of providing benefits to, or in respect of, other people,
is established by, or by persons who include, a person to whom subsection (2) applies when the scheme is established or (as the case may be) to whom that subsection would have applied when the scheme was established had that subsection then been in force, and
that has its main administration in the United Kingdom or outside the member States,
or a pension scheme that is prescribed or is of a prescribed description;
“personal pension scheme” means a pension scheme that—
is not an occupational pension scheme, and
is established by a person within any of the paragraphs of section 154(1) of the Finance Act 2004;”.
(4)After that subsection insert—
“(2)This subsection applies—
(a)where people in employments of the description concerned are employed by someone, to a person who employs such people,
(b)to a person in an employment of that description, and
(c)to a person representing interests of a description framed so as to include—
(i)interests of persons who employ people in employments of the description mentioned in paragraph (a), or
(ii)interests of people in employments of that description.
(3)For the purposes of subsection (2), if a person is in an employment of the description concerned by reason of holding an office (including an elective office) and is entitled to remuneration for holding it, the person responsible for paying the remuneration shall be taken to employ the office-holder.
(4)In the definition in subsection (1) of “occupational pension scheme”, the reference to a description includes a description framed by reference to an employment being of any of two or more kinds.
(5)In subsection (1) “pension scheme” (except in the phrases “occupational pension scheme”, “personal pension scheme” and “public service pension scheme”) means a scheme or other arrangements, comprised in one or more instruments or agreements, having or capable of having effect so as to provide benefits to or in respect of people—
(a)on retirement,
(b)on having reached a particular age, or
(c)on termination of service in an employment.
(6)The power of the Treasury under section 154(4) of the Finance Act 2004 (power to amend sections 154 and 155) includes power consequentially to amend—
(a)paragraph (a) of the definition in subsection (1) of “personal pension scheme”, and
(b)any provision in force in Northern Ireland corresponding to that paragraph.”