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Paragraph 70

(1)

Section 182 (unauthorised borrowing: money purchase arrangements) is amended as follows.

(2)

In subsection (3)—

(a)

in paragraph (a), for “member's unsecured pension fund or alternatively secured pension fund” substitute “ member's drawdown pension fund ”;

(b)

in paragraph (b), for “dependants' unsecured pension funds or alternatively secured pension funds” substitute “dependants' drawdown pension funds”.

(3)

In subsection (5), for “unsecured pension fund or alternatively secured pension fund” substitute “ drawdown pension fund ”.