Regulation 19 Amendment of the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006

(1)

Amend the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006^f1 as follows.

(2)

In regulation 4(4) (excluded employers: occupational pension schemes) in the definition of “small occupational pension scheme”—

(a)

in sub-paragraph (a)(i) for “all decisions which fall to be made by the trustees are made by the unanimous agreement by” substitute “any decision made by the trustees is made by the unanimous agreement of”; and

(b)

in sub-paragraph (b)—

(i)

for “where a company is a trustee” substitute “where a company is the sole trustee”;

(ii)

in head (i) for “are made by the unanimous agreement of all the directors” substitute “is made by the unanimous agreement of the directors”; and

(iii)

in head (ii) for “one of the directors is a trustee who” substitute “one of the directors of the company”.

Annotations

Footnotes

f1: S.I. 2006/349; amended by S.I. 2006/778.