{
  "url": "https://openlegislation.uk/railways-pension-scheme-order-1994/schedule/paragraph-5E",
  "json_url": "https://openlegislation.uk/railways-pension-scheme-order-1994/schedule/paragraph-5E.json",
  "legislation": "uksi/1994/1433",
  "legislation_title": "The Railways Pension Scheme Order 1994",
  "legislation_url": "https://openlegislation.uk/railways-pension-scheme-order-1994",
  "path": "schedule/paragraph/5E",
  "kind": "paragraph",
  "number": "5E",
  "heading": "Assets held on Trust",
  "text": "The Trustee shall hold all the contributions and other assets which it receives and the property representing them and all the income on trust to pay the benefits under the Scheme.\nThe assets shall be attributed to the appropriate initial Section in acccordance with the terms of the Transfer Orders and after the effective date of the Transfer Orders the assets shall be dealt with as set out in the Pension Trust and Rules.\nThe liabilities of each Section to provide benefits to and in respect of Members and former employees and their respective dependants shall be met out of the Section Assets and the Section Assets shall not be applied to or for the benefit of any other Section at any time (other than on a transfer of Member’s benefits between Sections).\nThe Trustee shall maintain records sufficient to show at any time:\n(a) in the case of assets other than Unitised Section Assets, the assets of the Scheme attributable to each Section; and\n(b) in the case of Unitised Section Assets, the number of units in each Pooled Fund notionally allocated to each Section.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1994/2005",
      "affecting_title": "The Railway Pensions (Transfer and Miscellaneous Provisions) Order 1994"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1433/schedule/paragraph/5E",
    "retrieved_at": "2026-10-29T13:32:29.265047+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}