Schedule 4: Abolition of contracting-out for defined contribution pension schemes Amendments to Welfare Reform and Pensions Act 1999
315.Paragraph 37 omits section 1(10). The amendment removes the current condition that a stakeholder pension scheme which is a personal pension scheme must be an appropriate scheme. A consequential amendment is made to section 1(1).
316.Paragraph 38 amends a cross-reference to section 1(10) to reflect the fact that it has been omitted.
317.Paragraph 39 omits section 7, which allows orders under section 42B and 45A of the PSA1993 to specify different percentages in orders made under those sections for the purposes of for stakeholder schemes. Those sections are to be repealed and so section 7 is no longer needed.
318.Paragraph 40 amends Schedule 5 paragraph 7(6) to remove a cross reference to a provision that is repealed by the Act and to insert a new paragraph (ab).