67 Sex equality rule

67  Sex equality rule

(1)     If an occupational pension scheme does not include a sex equality rule, it is to be treated as including one.

(2)     [Where this section applies by virtue of section 64(1),] A sex equality rule is a provision that has the following effect—

(a)     if a relevant term is less favourable to A than it is to B, the term is modified so as not to be less favourable;

(b)     if a term confers a relevant discretion capable of being exercised in a way that would be less favourable to A than to B, the term is modified so as to prevent the exercise of the discretion in that way.

[(2A)     Where this section applies by virtue of section 64(3), a sex equality rule is a provision that has the following effect—

(a)     if, by virtue of the application of the guaranteed minimum pension provisions, a relevant term is less favourable to A than it would be if

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