Pension Schemes Act 2017 (c. 17)

SCHEDULES

SCHEDULE 2 E+W+S Master Trusts operating before commencement: transitional provision

Overview of Schedule E+W+S

1 (1) This Schedule modifies the application of Part 1 as it applies in relation to existing Master Trust schemes. E+W+S

(2) The modifications in paragraphs 2 to 7 have effect from the date on which this Act is passed.

(3) The modifications in paragraphs 8 to 15 have effect from the commencement date.

(4) In this Schedule—

• the “commencement date” means the date on which section 3 (prohibition on operating scheme unless authorised) comes into force;

• “existing Master Trust scheme” means a Master Trust scheme in operation before the commencement date.