6.—(1) The Pensions Act 1995(1) is amended as follows.
(2) In section 51A (restriction on increase where annuity tied to investments)(2), in subsection (1)—
(a)at the end of paragraph (a), add “and”, and
(b)omit paragraph (b).
(3) Omit section 149 (hybrid occupational pension schemes), section 162 (annual increase in rate of personal pension) and section 163 (section 162: supplementary).
(4) In section 175 (Parliamentary control of orders and regulations), in subsection (2), omit paragraph (d) and the word “or” immediately preceding it.
Section 51A was inserted by section 51(2) of the Child Support, Pensions and Social Security Act 2000 (c.19).