Part 1: Collective Money Purchase Benefits Definitions Section 6: Amendment of definitions of "money purchase benefits" etc
This section introduces Schedule 1 which makes amendments to existing definitions of ‘money purchase benefits’ set out in legislation to insert CMPBs as a type of money purchase benefit. It also amends section 32 of the Pensions Act 2011, which contains a power to amend by regulations the definitions of money purchase benefits in legislation, so that regulations made under section 32 may also amend the definition of CMPBs in this Act and other legislation.