Section 137FA(8)

In this section— “administration charge” has the meaning given by paragraph 1(5) of Schedule 18 to the Pensions Act 2014; “money purchase scheme” has the meaning given by section 181(1) of the Pension Schemes Act 1993; “personal pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993; “relevant scheme” means a money purchase scheme that is— a personal pension scheme where direct payment arrangements (within the meaning of section 111A of the Pension Schemes Act 1993) exist in respect of one or more members of the scheme who are workers, or a personal pension scheme which is or has been registered under section 2 of the Welfare Reform and Pensions Act 1999 (stakeholder pension schemes); “worker” means a person— but for the purposes of paragraph (b), ignore section 92 of that Act. who is a worker for the purposes of Part 1 of the Pensions Act 2008, or to whom a provision of Part 1 of that Act applies as if the person were a worker because of a provision of Chapter 8 of that Part;

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Source: legislation.gov.uk · retrieved 2026-09-04