xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULE 3PENSIONS

2.  The liabilities of the international section shall be—

(a)the liabilities of the pension scheme existing at the segregation time that are attributable to pensionable service with Bradford & Bingley International including any liabilities attributable to a transfer received by the pension scheme during that pensionable service; and

(b)any liabilities arising after the segregation time by reason of—

(i)the continued pensionable service of the active members referred to in paragraph 1(b); or

(ii)the admission of new members after the segregation time in accordance with the terms of the international section from time to time.