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Part 4 of FA 2004 is amended in accordance with paragraphs 2 to 23.

(1)     Section 152 (meaning of “arrangement”) is amended as follows.

(2)     In subsection (2), after “cash balance benefits” insert “, collective money purchase benefits”.

(3)     After subsection (3) insert—

“(3A)     For the purposes of this Part a money purchase arrangement is a “collective money purchase arrangement” at any time if, at that time, all the benefits that may be provided to or in respect of the member under the arrangement are collective money purchase benefits.”

(4)     After subsection (4) insert—

“(4A)     The reference in subsection (4) to an amount available for the provision of benefits to or in respect of the member includes, in relation to a collective money purchase arrangement, an amount available for the provision of benefits to or in respect of members collectively.”

(5)     In subsection (5)—

(6)