New Schedule 2 - Pensions Guidance

Part of Pension Schemes Bill – in a Public Bill Committee at 3:45 pm on 4th November 2014.

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333A Introduction and definitions

(1) This Part is about the giving of pensions guidance.

(2) “Pensions guidance” means guidance given for the purpose of helping a member of a pension scheme to make decisions about what to do with the cash balance benefits or other money purchase benefits that may be provided to the member.

(3) In this Part—

“cash balance benefits” has the meaning given by section 152(5) of the Finance Act 2004;

“money purchase benefits” has the meaning given by section 152(4) of the Finance Act 2004;

“pensions guidance” has the meaning given by subsection (2);

“pension scheme” has the meaning given by section 150(1) of the Finance Act 2004.