Pensions Act 2004

243Member-nominated trustees and directors: supplementaryE+W+S

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(1)The Secretary of State may, by order, amend sections 241(1)(a) and (4) and 242(1)(a) and (4) by substituting, in each of those provisions, “one-half” for “one-third”.

(2)Regulations may modify sections 241 and 242 (including any of the provisions mentioned in subsection (1)) in their application to prescribed cases.

(3)In sections 241 and 242—

  • company” means a company within the meaning given by section 735(1) of the Companies Act 1985 (c. 6) or a company which may be wound up under Part 5 of the Insolvency Act 1986 (c. 45) (unregistered companies);

  • occupational trust scheme” means an occupational pension scheme established under a trust.

Commencement Information

I1S. 243 in force at 1.11.2005 by S.I. 2005/2447, art. 2(2)