The Pensions Act 2004 (PPF Payments and FAS Payments) (Consequential Provisions) Order 2006

3.—(1) In section 7(6) (fixing of claimant’s retirement provision for assessed income period), after paragraph (c) add—

“(d) PPF periodic payments,”.

(2) In section 17(1) (other interpretation provisions), after the definition of “personal pension scheme” insert—

““PPF periodic payments” means—

(a)

any periodic compensation payments made in relation to a person, payable under the pension compensation provisions as specified in section 162(2) of the Pensions Act 2004 or Article 146(2) of the Pensions (Northern Ireland) Order 2005 (the pension compensation provisions); or

(b)

any periodic payments made in relation to a person, payable under section 166 of the Pensions Act 2004 or Article 150 of the Pensions (Northern Ireland) Order 2005 (duty to pay scheme benefits unpaid at assessment date etc.);”.