Part 1: Collective Money Purchase Benefits Definitions Section 3: Qualifying schemes
This section sets out the requirements for schemes to be qualifying schemes, and so able to provide CMPB.
	Subsection (2) requires all qualifying schemes to be occupational pension schemes set up under trust by an employer or group of connected employers. Subsection (3) limits qualifying schemes to those schemes used by a single employer or group of connected employers. Subsection (4) prevents public service pension schemes from providing CMPBs.
	Subsection (5) requires qualifying schemes to provide a pension income in retirement.
	Where a scheme offers both qualifying and other benefits, subsection (6) provides that there must be appropriate separation of the qualifying benefits. Subsection (7) provides that there is appropriate separation only if the scheme is divided into separate sections and that a section providing qualifying benefits cannot provide any other types of benefits. Payments of qualifying benefits under a section must also be allocated to that section, and the assets attributable to each section cannot be used for any other section.
	Where a scheme offers more than one kind of CMPB, in a way to be described in regulations, subsections (8) and (9) require that the different types of CMPB must be provided under different sections. Payments of qualifying benefits under a section must be allocated to that section and the assets attributable to each section cannot be used for any other section.