OpenLegislation

Paragraph 9

Original text. Later amendments are not shown.

(1)

Pending final allocation of the assets in accordance with this Schedule, the trustee of the transferee scheme shall allocate the assets to sections in such manner as they think fit.

(2)

The assets to be allocated to a section under the provisions of this Schedule shall be adjusted to include income received on the assets to be allocated to that section, and to deduct payments made in respect of liabilities in respect of

(a)

those assets; or

(b)

liabilities in respect of the pension rights allocated to that section

within the period from 1st October 1994 until the date of final allocation.