95 Amendments relating to the establishment or restriction of schemes

95  Amendments relating to the establishment or restriction of schemes

(1)     PSPA 2013 is amended in accordance with subsections (2) to (7).

(2)     In section 4 (scheme manager)—

(a)     after subsection (3) insert—

“(3A)     Subsection (1) does not apply to a scheme under section 1 if—

(a)     the scheme is connected with another scheme under section 1, and

(b)     a scheme manager is provided for under subsection (1) in scheme regulations for that other scheme.”;

(b)     after subsection (6) insert—

“(6A)     The reference in subsection (6) to a statutory pension scheme includes a statutory pension scheme established (under section 1 or otherwise) after the establishment of the scheme under section 1 mentioned in that subsection.”

(3)     In section 5 (pension board), after subsection (2) insert—

“(2A)     Subsection (1) does not apply to a scheme under section 1 if—

(a)     the scheme is connected with another scheme under section 1, and

(b)     a pension board is provided for under subsection (1) in scheme regulations for that other scheme.”

(4)     In section 7 (scheme advisory board)—

(a)     in subsection (1), for “on the desirability of changes to the scheme” substitute “on—

(a)     the desirability of changes to the scheme,

Powered by Lexis+®

Popular documents