Paragraph 23 Power to reduce or waive amounts owed by a person to the Scheme managerF1

The scheme manager may reduce or waive an amount owed by a person to the scheme under—

When reducing or waiving an amount under sub-paragraph (1), the scheme manager must comply with the requirements set out in direction 4(1)(a) to (c) of the PSP Directions 2022 (and the reference in direction 4(1)(c) to “any scheme regulations made by virtue of section 26(1)(b) of PSPJOA 2022” is to be read as a reference to paragraph 25).