PART 2Collective money purchase benefits: Northern Ireland

Definitions

57Amendment of definitions of “money purchase benefits” etc

(1)

Schedule 4 contains amendments of definitions of “money purchase benefits” in—

(a)

Schedule 10A to the Building Societies Act 1986 (disclosures about directors, other officers and employees in notes to accounts);

(b)

the Pension Schemes (Northern Ireland) Act 1993;

(c)

Part 1 of the Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.)) (pension scheme membership for jobholders).

(2)

In section 30 of the Pensions Act (Northern Ireland) 2012 (c. 3 (N.I.)) (power to amend definitions of “money purchase benefits” in certain Acts)—

(a)

in subsection (1)—

(i)

for “purpose the” substitute“purpose—

(a)

the”;

(ii)

at the end insert“, or

(b)

section 53 of the Pension Schemes Act 2021 (collective money purchase benefits: meaning of “qualifying benefits”).”;

(b)

in subsection (2), at the end insert “ or by Schedule 4 to the Pension Schemes Act 2021 ”.