SCHEDULE 1TRANSFER OF CERTAIN FUNCTIONS, ETC.

The Pensions Act

38

1

Section 5 of that Act (requirements for certification of occupational pension schemes and personal pension schemes) is amended as follows.

2

In subsection (2B)33—

a

for “Department” there is substituted “Inland Revenue”, and

b

for “is satisfied”, in both places where it occurs, there is substituted “are satisfied”.

3

In subsection (3)(aa)34, for “Department is” there is substituted “Inland Revenue are”.

4

In subsection (4)35, for “Department may, if it thinks” there is substituted “Inland Revenue may, if they think”.