Commentary on Sections Sections 11 to 14: Miscellaneous and supplementary Section 16: Retirement pension income
129.In section 16, subsection (2) allows the Secretary of State to use regulations to add to, vary or remove the descriptions in the list of retirement pension income in subsection (1). This power provides the Secretary of State with the flexibility to change the scope of the scheme where it is appropriate to do so. It will, for example, allow the list of retirement pension income to be amended so that it remains relevant and reflects any future legislative change as regards pensions and other financial products that provide an income in retirement.