Section 57 Interpretation of ChapterI1

In this Chapter—

• “default pension benefit solution” has the meaning given by section 50(3);

• “eligible member” has the meaning given by section 50(7);

• “money purchase benefits” has the same meaning as in the Pension Schemes Act 1993 (see section 181 of that Act);

• “occupational pension scheme” has the same meaning as in the Pension Schemes Act 1993 (see section 1(1) of that Act);

• “pension benefit solution” has the meaning given by section 50(2);

• “pension scheme” has the meaning given by section 1(5) of the Pension Schemes Act 1993;

• “personal pension scheme” has the same meaning as in the Pension Schemes Act 1993 (see section 1(1) of that Act);

• “prescribed” means prescribed by regulations;

• “principal scheme” is to be interpreted in accordance with section 51(1);

• “qualifying pension benefit solution” has the meaning given by section 51(9);

• “registered pension scheme” has the meaning given in Part 4 of the Finance Act 2004;

• “regulations” means regulations made by the Secretary of State under this Chapter;

• “relevant scheme” has the meaning given by section 50(7);

• “transferable member” is to be interpreted in accordance with section 51(1);

• “trustees or managers”, in relation to a pension scheme, means—

  1. (a)

     where the scheme is established under a trust, the trustees of the scheme;

  2. (b)

     in any other case, the managers of the scheme.