The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014

has the meaning given by paragraph 35(2) of Schedule 7 to the 2004 Act (scheme rules, admissible rules etc);

has the meaning given by section 142(1) of the 2004 Act (sections 140 and 141: interpretation);

has the meaning given by regulation 2 of the Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014;”

has the meaning given by regulation 2 of the Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014;”

means a scheme which provides cash balance benefits, whether or not the scheme also provides other benefits.”

means a cash equivalent or guaranteed cash equivalent mentioned in section 93A(1) (salary related schemes: right to statement of entitlement) or 94(1) of the 1993 Act;

means proceedings in relation to pension sharing or attachment on divorce or dissolution of a civil partnership involving the same parties and the same benefits as earlier proceedings.

means—

has the meaning given by section 126 of the 2004 Act (eligible schemes);

has the meaning given by section 318(1) of the 2004 Act (general interpretation), including the extensions to that meaning made by— (a) regulation 1(4) of the Entry Rules Regulations (citation, commencement and interpretation);

has the same meaning as in section 189(1) of the 2004 Act;

means the assessment period mentioned in section 159(3) of the 2004 Act (closed schemes: further assessment periods);

means a benefit the rate or amount of which is calculated by reference to the greatest, or smallest, of two or more benefits.”

has the same meaning as in section 174(1) of the 2004 Act;

has the meaning given by section 121 of the 2004 Act (insolvency event, insolvency date and insolvency practitioner).

has the meaning given by section 181(1) of the Pension Schemes Act 1993 (general interpretation);”

has the meaning given by Schedule 3 to the 1993 Act, except that it also includes the application of a guaranteed notional interest rate or investment yield, in accordance with the rules of the scheme, to the benefits or to the available sum in respect of which the benefits are calculated;

means a scheme which provides or may provide no benefits other than— (a) money purchase benefits or pensions derived from money purchase benefits;

has the meaning given by regulation 1(4) of those Regulations.”

has the meaning given by regulation 1(3) of the Entry Rules Regulations;

has the meaning given by regulation 27(1) of the Financial Assistance Scheme Regulations (scheme manager calculations after a valuation);

means a valuation which has a relevant time which is—

has the meaning given by section 175(1) of the 2004 Act (pension protection levies);

means the cost of securing benefits for and in respect of members of the scheme which correspond to the compensation which would be payable, in relation to the scheme, in accordance with the pension compensation provisions (see section 162 of the 2004 Act (the pension compensation provisions)) if the scheme were an eligible scheme for which the Board were to assume responsibility.

shall mean what the Board may, having regard to the admissible rules, determine would have been the annual rate of pension if the postponement of pension had ceased immediately before the assessment date. v in sub-paragraph (5) after “(4)” there were inserted “or (4A)”;

has the meaning given by section 10(1) of the 1993 Act (protected rights and money purchase benefits) as that section stood immediately before 6th April 2012, subject to the modifications specified in paragraph (2).

has the meaning given by regulation 9(1) of those Regulations (qualifying pension schemes);

means (as the case may be) money purchase benefits or cash balance benefits”;

means the date in relation to which the value of the assets and liabilities of the eligible scheme is calculated;

has the meaning given by regulation 5(2) of those Regulations (scheme manager).

has the meaning given by regulation 1(2) of the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (citation, commencement and interpretation);

means the Pension Schemes Act 1993;

means the Pensions Act 1995;

means the Welfare Reform and Pensions Act 1999;

means the Pensions Act 2004;

means the Pensions Act 2011;

has the meaning given by section 94(2) of the 1993 Act (right to cash equivalent);

means the Board of the Pension Protection Fund established under section 107 of the 2004 Act;

means the Occupational Pension Schemes (Employer Debt) Regulations 2005;

means the Pension Protection Fund (Entry Rules) Regulations 2005;

means the Financial Assistance Scheme Regulations 2005;

means the Occupational Pension Schemes (Fraud Compensation Levy) Regulations 2006;

means the Occupational Pension Schemes (Payments to Employer) Regulations 2006.

means the Pension Protection Fund (General and Miscellaneous Amendments) Regulations 2006;

means the Pensions Regulator established under section 1 of the 2004 Act;

means the date as at which the amount of the money purchase underpin benefits and the value of a defined benefit minimum promised under the scheme is being compared (for any purpose) in order to determine which is greater.

means— (a) Part 2 of the 2004 Act (the Board of the Pension Protection Fund) (except section 172(6) of that Act (relationship with fraud compensation regime)) and any instrument made under that Part;

means the Occupational Pension Schemes (Scheme Funding) Regulations 2005.

means the Occupational Pension Schemes (Transfer Values) Regulations 1996.

means a payment to another occupational pension scheme or a personal pension scheme in respect of the member’s rights under the scheme.

means money purchase or cash balance benefits (as the case may be) which will only be provided in respect of a member if their value exceeds the value of other benefits in respect of the member under the scheme which are not money purchase or cash balance benefits.”

includes in particular a rate of pension, whether specified under the scheme or determined by reference to external criteria, such as a statutory minimum requirement.