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Section 142X: Further interpretative provisions for section 142W

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part 9B: Ring-fencing

The following provisions have effect for the interpretation of section 142W and this section.

"Relevant pension scheme" means an occupational pension scheme that is not a money purchase scheme.

"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.

"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.

"Employer", in relation to a relevant pension scheme, means—

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
any other person who has or may have any liability under the scheme.

"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.

"Pension liabilities" means liabilities attributable to or associated with the provision under a relevant pension scheme of pensions or other benefits.

"The court" means—

in relation to England and Wales or Northern Ireland, the High Court, and
in relation to Scotland, the Court of Session.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.