# Pensions Act 2008, Section 24: Quality requirement: UK hybrid schemes

Extent: E+W+S

(1) A hybrid scheme that has its main administration in the United Kingdom satisfies the quality requirement in relation to a jobholder if it satisfies the requirements mentioned in whichever of these is the appropriate paragraph—
(a) the requirements for a money purchase scheme under section 20, subject to any prescribed modifications;
(b) the requirements for a defined benefits scheme under sections 21 to 23A, subject to any prescribed modifications.
(2) Which paragraph of subsection (1) is appropriate for any hybrid scheme is to be determined by rules made by the Secretary of State.
(3) The rules may provide for different paragraphs to be appropriate for different provisions of a scheme.
(4) The rules may provide for the paragraphs to be appropriate as alternatives, for any scheme or any provisions of a scheme.

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Source: https://www.legislation.gov.uk/ukpga/2008/30/section/24 (the official version)
Page: https://openlegislation.uk/pensions-act-2008/section-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.