753. Test scheme and test scheme standard.

A scheme satisfies the test scheme standard in relation to a jobholder1 (J) if the pensions2 to be provided for the relevant members3 of the scheme are broadly equivalent to, or better than, the pensions which would be provided for them under a test scheme4. The Secretary of State may by regulations make provision for the manner of, and criteria for, determining whether the pensions to be provided for the relevant members under a scheme are broadly equivalent to, or better than, the pensions which would be provided for them under a test scheme5. Such regulations may provide for