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Regulation P4 Dissolution of further funds

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The administering authority may if they think fit dissolve a further fund and transfer the assets thereof to the fund, and thereupon—

(a)

any entitlement to participate in the benefits of the further fund shall become an entitlement to participate in the benefits of the fund; and

(b)

the fund shall become the appropriate superannuation fund for those participants.

(2)

The administering authority may not dissolve a further fund unless they have given notice of not less than 28 days to the bodies whose employees are entitled to participate in that fund of their intention to dissolve the fund.