Paragraph 3A F1

in subsection (1), for “there is an assessment period in relation to an eligible scheme” substitute “an occupational pension scheme is a qualifying pension scheme under section 286(2) which has not been fully wound up”;

in subsection (2), for the words from the beginning to “is kept to a minimum” substitute “With a view to ensuring that any reduction in the scheme’s assets is kept to a minimum or that the assets of the scheme are invested in a way which, in the opinion of the scheme manager, is appropriate”;

in subsection (2), after paragraph (b) insert—

“(ba)

the determination of interim pensions,”;

in subsections (2) and (4), for “the Board”, substitute “the scheme manager”; and

in subsection (3), before paragraph (a) insert—

“(za)

“interim pension” has the meaning given by regulations under section 286(1),”;

in subsection (3), after paragraph (a)(i) insert—

“(ia)

a professional adviser to the scheme;

(ib)

any other person appearing to the scheme manager to be a person who carries out, or is likely to carry out, activities relevant to the use of the assets of the scheme;”.