Section 26 Interpretation of Part III.I1C1

In this Part—

• “occupational pension scheme” has the same meaning as in the M1Pension Schemes Act 1993;

• “pension arrangement” means

  1. (a)

     an occupational pension scheme,

  2. (b)

     a personal pension scheme,

  3. (c)

     a retirement annuity contract,

  4. (d)

     an annuity or insurance policy purchased, or transferred, for the purpose of giving effect to rights under an occupational pension scheme or a personal pension scheme, and

  5. (e)

     an annuity purchased, or entered into, for the purpose of discharging liability in respect of a pension credit under section 29(1)(b) or under corresponding Northern Ireland legislation;

• “personal pension scheme” has the same meaning as in the Pension Schemes Act 1993;

• “prescribed” means prescribed by regulations made by the Secretary of State;

• F1“retirement annuity contract” means an annuity contract or trust scheme approved under section 620 or 621 of the Income and Corporation Taxes Act 1988 or a substituted contract within the meaning of section 622(3) of that Act which became a registered pension scheme by virtue of paragraph 1(1)(f) of Schedule 36 to the Finance Act 2004,

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

  1. (a)

     in the case of a scheme established under a trust, the trustees of the scheme, and

  2. (b)

     in any other case, the managers of the scheme.

References to the person responsible for a pension arrangement are—