Pensions Act 2011

32Power to make further provisionU.K.

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(1)The Secretary of State may by regulations amend for any [F1purpose—

(a)the] definition of “money purchase benefit” in the Pension Schemes Act 1993, the Pensions Act 2008 or Schedule 10A to the Building Societies Act 1986 [F2, or

(b)section 2 of the Pension Schemes Act 2021 (collective money purchase benefits: meaning of “qualifying benefits”).]

(2)Regulations under subsection (1) may in particular amend the provisions inserted by section 29 above [F3or by Schedule 1 to the Pension Schemes Act 2021].

(3)Regulations under this section may include transitional, consequential or supplementary provision.

Textual Amendments

F1Words in s. 32(1)(a) substituted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 6(2)(a)(i), 131(1)(3)(a); S.I. 2022/721, regs. 1(2), 3(a)

F2S. 32(1)(b) and word inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 6(2)(a)(ii), 131(1)(3)(a); S.I. 2022/721, regs. 1(2), 3(a)

F3Words in s. 32(2) inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 6(2)(b), 131(1)(3)(a); S.I. 2022/721, regs. 1(2), 3(a)