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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 s 142X

s 142X Further interpretative provisions for section 142W

(1) The following provisions have effect for the interpretation of section 142W and this section. (2) “ Relevant pension scheme ” means an occupational pension scheme that is not a money purchase scheme. (3) “ Occupational pension scheme ” has the meaning given in section 1 of the Pension Schemes Act 1993 or section 1 of the Pension Schemes (Northern Ireland) Act 1993 and, in relation to such a scheme, “ member ” and “ trustees or managers ” have the same meaning as in Part 1 of the Pensions Act 1995 or Part 2 of the Pensions (Northern Ireland) Order 1995. (4) “ Money purchase scheme ” has the meaning given in section 181(1) of the Pension Schemes Act 1993 or section 176(1) of the Pension Schemes (Northern Ireland) Act 1993. (5) “ Employer ”, in relation to a relevant pension scheme, means— (a) a person who is for the purposes of Part 1 of the Pensions Act 1995 or Part 2 of the Pensions (Northern Ireland) Order 1995 an employer in relation to the scheme, and (b) any other person who has or may have any liability under the scheme. (6) “ Employment ” has the meaning given in section 181(1) of the Pension Schemes Act 1993 or section 176(1) of the Pension Schemes (Northern Ireland) Act 1993. (7) “ Pension liabilities ” means liabilities attributable to or associated with the provision under a relevant pension scheme of pensions or other benefits. (8) “ The court ” means— (a) in relation to England and Wales or Northern Ireland, the High Court, and (b) in relation to Scotland, the Court of Session.

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