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SCHEDULES

SCHEDULE 2E+W+SOther amendments to do with Parts 1 and 2

Prospective

Pensions Act 2008 (c. 30)E+W+S

43(1)Section 24 (quality requirement: UK hybrid schemes) is amended as follows.E+W+S

(2)In subsection (1)—

(a)for “A hybrid scheme” substitute “ A shared risk scheme ”;

(b)in paragraph (a), for “a money purchase scheme” substitute “ an occupational defined contributions scheme ”;

(c)in paragraph (b), for “a defined benefits scheme” substitute “ an occupational defined benefits scheme ”;

(d)after paragraph (b) insert—

(c)the requirements under section 26 for a personal pension scheme that is a defined contributions scheme, subject to any prescribed modifications.

(3)In subsection (2), for “hybrid scheme” substitute “ shared risk scheme ”.

(4)In the heading, for “hybrid schemes” substitute “ shared risk schemes ”.