Article 21 Minor amendments of the AVC Order

(1)

The AVC Order is amended as follows.

(2)

In article 2(1)—

(a)

omit the definitions of “approved scheme”, “FSAVC scheme” and “retirement benefits scheme”,

(b)

for the definition of “personal pension scheme” substitute—

““personal pension scheme” has the meaning given in section 1 of the Pensions Act 1993;”,

(c)

at the appropriate places insert the following definitions—

““occupational pension scheme” has the meaning given in section 1 of the Pensions Act 1993;”,

““registered pension scheme” has the same meaning as in Part 4 of the Finance Act 2004 (see section 150(2) of that Act);” and

““voluntary contribution rights”, in relation to a person, means rights under an occupational pension scheme that derive from voluntary contributions made by the person;”.

(3)

In article 2(2)—

(a)

in paragraph (a) omit “or Schedule” and “or the Schedule to,”, and

(b)

in paragraph (b) omit “or Schedule” both times it occurs.

(4)

For article 3(5) substitute—

“(5)

The Managers shall be responsible for the discharge of the functions conferred or imposed on the scheme administrator of the AVC scheme by or under Part 4 of the Finance Act 2004.”.

(5)

Omit article 12 (surplus monies).