Paragraph 35
(1)
Section 18 (pension liberation: interpretation) is amended as follows.
(2)
In subsection (2)(a)—
(a)
after “accrued rights” insert “ or an entitlement ”;
(b)
in sub-paragraph (ii), for “the applicable rules” substitute “ the scheme rules ”.
(3)
In subsection (3)—
(a)
for paragraph (a) substitute—
“(a)section 94 of the Pension Schemes Act 1993 (right to cash equivalent under Chapter 1 of Part 4ZA of that Act);”;
(b)
in paragraph (b), for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.
(4)
In subsection (4)(d), for “the applicable rules” substitute “ the scheme rules ”.
(5)
Omit subsection (5).