# Pension Schemes Act 2021, Paragraph 7


In section 51 (annual increase in rate of pension), after subsection (1) insert—
“(1A) Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section as a separate occupational pension scheme which is a money purchase scheme.”

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Source: https://www.legislation.gov.uk/ukpga/2021/1/schedule/3/paragraph/7 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-2021/schedule-3/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.