Part 3 Interpretation etc
Pensions Act 2014 (2014 c 19) | Legislation

Part 3 Interpretation etc

Interpretation etc

15

(1)     In this Schedule—

“active memberâ€â€”

(a)     in relation to an occupational pension scheme, has the meaning given by section 124(1) of the Pensions Act 1995, and

(b)     in relation to a personal pension scheme, means a member of the scheme in respect of whom contributions are being paid into the scheme;

“automatic transfer scheme†has the meaning given by paragraph 1(2);

“managersâ€, in relation to a pension scheme (other than a scheme established under a trust), means the persons responsible for the management of the scheme;

“money purchase benefits†has the meaning given by section 181(1) of the Pension Schemes Act 1993;

“money purchase scheme†has the meaning given by section 181(1) of the Pension Schemes Act 1993;

“occupational pension scheme†has the meaning given by section 1 of the Pension Schemes Act 1993;

“pension scheme†means—

(a)     an occupational pension scheme, or

(b)     a personal pension scheme;

“personal pension scheme†has the meaning given by section 1 of the Pension Schemes Act 1993;

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