Regulation 4 Paid-up schemesI1

England, Wales and Scotland

(1)

F1Sections 119 to 122 of the Pension Schemes Act 1993 are modified as described in this regulation in their application to any occupational pension scheme of which there are no members who are in pensionable service under the scheme, as defined in F2section 70 of that Act (“paid-up schemes”).

(2)

F3Section 119 of the Pension Schemes Act 1993 applies in relation to a paid-up scheme only if—

(a)

the employer has power to appoint or remove any trustee of the scheme; or

(b)

the employer is a trustee of the scheme.

Annotations

Textual amendments

F1: Words in reg. 4(1) substituted (12.5.1994) by The Occupational and Personal Pension Schemes (Consequential Amendments) Regulations 1994 (S.I. 1994/1062), reg. 1(2), Sch. 2 para. 26(4)
F2: Words in reg. 4(1) substituted (12.5.1994) by The Occupational and Personal Pension Schemes (Consequential Amendments) Regulations 1994 (S.I. 1994/1062), reg. 1(2), Sch. 2 para. 26(7)
F3: Words in reg. 4(2) substituted (12.5.1994) by The Occupational and Personal Pension Schemes (Consequential Amendments) Regulations 1994 (S.I. 1994/1062), reg. 1(2), Sch. 2 para. 26(3)

Commencement

I1: Reg. 4 in force at 12.11.1990, see reg. 1(2)