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Section 57
1In Schedule 10A to the Building Societies Act 1986 (disclosures about directors, other officers and employees in notes to accounts), in paragraph 1(2), in the definition of “collective money purchase benefit” (inserted by Schedule 1 to this Act), after “section 1” insert “or 52”.
2The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.
3(1)Section 176(1) (general interpretation) is amended as follows.
(2)At the appropriate place insert—
““collective money purchase benefit” has the meaning given by section 52 of the Pension Schemes Act 2021;”.
(3)In the definition of “money purchase benefits”—
(a)for “means benefits” substitute “means—
benefits”;
(b)at the end insert “, and
collective money purchase benefits;”.
4In section 176B(1) (money purchase benefits: supplementary), for “the definition” substitute “paragraph (a) of the definition”.
5The Pensions (No. 2) Act (Northern Ireland) 2008 is amended as follows.
6(1)Section 78 (interpretation of Part 1: pension scheme membership for jobholders) is amended as follows.
(2)At the appropriate place insert—
““collective money purchase benefit” has the meaning given by section 52 of the Pension Schemes Act 2021;”.
(3)In the definition of “money purchase benefits”—
(a)for “means benefits” substitute “means—
benefits”;
(b)at the end insert “, and
collective money purchase benefits;”.
7In section 78A(1) (money purchase benefits: supplementary), for “the definition” substitute “paragraph (a) of the definition”.