Section 108 — Pensions Act 2008: Interpretation

Interpretation 108 In this Chapter— “ the Board ” means the Board of the Pension Protection Fund; “ PPF compensation ” means compensation payable under the pension compensation provisions; “ the pension compensation provisions ” means— Chapter 3 of Part 2 of the Pensions Act 2004 (pension protection) and any regulations or order made under it, this Chapter and any regulations or order made under it, and any provision corresponding to the provisions mentioned in paragraph (a) or (b) in force in Northern Ireland; “ prescribed ” means prescribed by regulations made by the Secretary of State; “ the relevant order or provision ” means the pension compensation sharing order, or provision contained in a qualifying agreement, which gives rise to the pension compensation sharing; “ the transfer day ” means the day on which the relevant order or provision takes effect; “ the transferee ” means the person for whose benefit the relevant order or provision is made; “ the transferor ” means the person to whose rights the relevant order or provision relates.