Regulation 6 Exemption from the restriction on powers to modify schemes

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

reg. 6 substituted by Personal and Occupational Pension Schemes 1999 reg. 9(3)
reg.6 substituted by Personal and Occupational Pension Schemes 1999 reg.9(3)
reg. 6(1)(da) words substituted by Civil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 Sch. 2 para. 35
reg. 6(1)(da) inserted by Occupational and Personal Pension Schemes (Contracting-out) 2002 reg. 5

For the purposes of section 67(5) of the 1995 Act (restriction on the power to modify does not apply to the exercise of a power in a prescribed manner) the prescribed manner is, in the case of an occupational pension scheme which is not a trust scheme, the exercise of the power by the managers with the member’s consent.