In contrast to how normal
occupational pension schemes operated, to be a registered pension scheme there was no need for members of that scheme to have an employment relationship with the employer who had established it.
Parliament must have intended the Regulations to
operate sensibly in respect of the differing
pension schemes given that they clearly apply to both
occupational and personal
pensions even though the definition of «active membership» in s124 (1) of the Pensions Act 1995 does not refer directly to personal pension
pensions even though the definition of «active membership» in s124 (1) of the
Pensions Act 1995 does not refer directly to personal pension
Pensions Act 1995 does not refer directly to personal
pension schemes.