Part 4

Money purchase benefits

Power to make further provision
32
1
The Secretary of State may by regulations amend for any purpose—
a
the definition of “money purchase benefit” in the Pension Schemes Act 1993, the Pensions Act 2008 or Schedule 10A to the Building Societies Act 1986 , or
b
section 2 of the Pension Schemes Act 2021 (collective money purchase benefits: meaning of “qualifying benefits”).
2
Regulations under subsection (1) may in particular amend the provisions inserted by section 29 above or by Schedule 1 to the Pension Schemes Act 2021.
3
Regulations under this section may include transitional, consequential or supplementary provision.
Pt. 4 excluded (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 6, 41, 44(1), 47(1), 72(1), 76(1); coming into force immediately after s. 29 of Pensions Act 2011 - see S.I. 2014/1683, art. 2
Words in s. 32(1)(a) substituted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 6(2)(a)(i), 131(1)(3)(a); S.I. 2022/721, regs. 1(2), 3(a)
S. 32(1)(b) and word inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 6(2)(a)(ii), 131(1)(3)(a); S.I. 2022/721, regs. 1(2), 3(a)
Words in s. 32(2) inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 6(2)(b), 131(1)(3)(a); S.I. 2022/721, regs. 1(2), 3(a)