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Pensions Bill

I am talking about assistance in determining that they have met the test scheme standard. Broad equivalence has to be determined by reference to the test scheme set out in Clause 22. A whole host of issues might need to be taken into account. Setting them down in guidance will assist employers in making the determination. It is a little like the reference scheme test, which determines whether schemes can be contracted out of the state second pension scheme. It is detailed guidance about a whole range of issues that are likely to be relevant in making that determination.