This section has no associated Explanatory Memorandum
9.—(1) A “collective money purchase scheme” for the purposes of Part 1 of the Act (collective money purchase benefits) includes a scheme or section of a scheme during the winding-up period where the scheme or section was a collective money purchase scheme immediately before the winding-up commencement time.E+W+S
(2) Sub-paragraph (1) applies irrespective of the fact that in accordance with the requirements of this Schedule the scheme or section has, during the winding-up period—
(a)ceased to make payments of benefits including payments of pension under the scheme; and
(b)commenced payments of periodic income under paragraph 7(1).
Commencement Information
I1Sch. 6 para. 9 in force at 1.8.2022, see reg. 1(3)