Article 35 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 makes provision about the treatment of pension credits in winding up. Currently it does not apply to a money purchase scheme. The amendment replaces the reference to a money purchase scheme with a reference to a scheme under which all the benefits that may be provided are money purchase benefits. This does not change the effect.
Commentary on Sections Part 3 – General Changes to Legislation about Pension Schemes Welfare Reform and Pensions (Northern Ireland) Order 1999