25(1)Schedule 18 (power to restrict charges or impose requirements in relation to schemes) is amended as follows.E+W+S
(2)In paragraph 1(1) (power to restrict charges), in each of paragraphs (a) and (b), for “a member” substitute “ members ”.
(3)In paragraph 4 (interpretation), after sub-paragraph (2) insert—
“(3)Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this Schedule as a separate scheme.”
Commencement Information
I1Sch. 3 para. 25 in force at Royal Assent for specified purposes, see s. 131(3)(a)
I2Sch. 3 para. 25 in force at 13.12.2021 in so far as not already in force by S.I. 2021/1394, reg. 2(a)