781. Meaning of 'stakeholder pension scheme'.

17.     Stakeholder Pension Schemes

781.     Meaning of 'stakeholder pension scheme'.

A pension scheme1 is a stakeholder pension scheme for the purposes of the provisions relating to such schemes2 if it is registered as such a scheme3 and each of the following conditions is fulfilled, together with such other conditions as may be prescribed4. The conditions are that:

  1.  

    (1)     the scheme is established under a trust or in such other way as may be prescribed5;

  2.  

    (2)     the provisions made by the instruments establishing the scheme comply with such requirements as may be prescribed6;

  3.  

    (3)     subject to such exceptions