Regulation 6 Schemes to which sections 57C and 57D do not applyI1

England, Wales and Scotland

(1)

F1Sections 119 to 122 of the Pension Schemes Act 1993 shall not apply in relation to occupational pension schemes of a description prescribed by this regulation.

(2)

Sections 119 to 122 of the Pension Schemes Act 1993, do not apply to a scheme of which each member is a trustee. For this purpose, “member” means any employee or former employee of the employer who has rights under the scheme arising from that employment.

(3)

Sections 119 to 122 of the Pension Schemes Act 1993 do not apply to schemes under which all the benefits that may be provided are—

(a)

money purchase benefits, or

(b)

benefits payable only on an earner’s death while employed in employment to which the scheme applies.

(4)

Sections 119 to 122 of the Pension Schemes Act 1993 do not apply to any scheme under which all the benefits to be provided are secured by means of insurance policies that are specifically allocated to the provision of benefits for, or in respect of, particular members.

Annotations

Textual amendments

F1: Words in reg. 6(1)(2)(3)(4) substituted (12.5.1994) by The Occupational and Personal Pension Schemes (Consequential Amendments) Regulations 1994 (S.I. 1994/1062), reg. 1(2), Sch. 2 para. 26(4)

Commencement

I1: Reg. 6 in force at 12.11.1990, see reg. 1(2)