Part 2Simplification etc
Private pensions
100Abolition of safeguarded rights
Part 3A of the Pension Schemes Act 1993 (safeguarded rights) ceases to have effect.
101Revaluation of accrued benefits etc
1
Schedule 2, which—
a
amends Schedule 3 to the Pension Schemes Act 1993 (methods of revaluing accrued pension benefits),
b
amends Schedule 7 to the Pensions Act 2004 (c. 35) (pension compensation provisions), and
c
makes consequential amendments,
has effect.
2
The amendments made by Parts 1 and 3 of Schedule 2 do not apply in relation to a revaluation period ending before this section comes into force.
3
In subsection (2), “revaluation period” has the same meaning as in paragraph 2 of Schedule 3 to the Pension Schemes Act 1993.