Search Legislation

Pension Schemes Act 2017

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 29

 Help about opening options

Changes to legislation:

There are currently no known outstanding effects for the Pension Schemes Act 2017, Section 29. Help about Changes to Legislation

29Prohibition on winding up except in accordance with continuity option 1E+W+S

This section has no associated Explanatory Notes

(1)A person may only wind up a Master Trust scheme in accordance with continuity option 1 (see section 24).

(2)Subsection (1) overrides any provision of a Master Trust scheme to the extent that there is a conflict.

(3)But subsection (1) does not prevent a Master Trust scheme from being wound up in pursuance of an order under section 11 of the Pensions Act 1995 (power to wind up occupational pension schemes).

(4)Section 10 of the Pensions Act 1995 (civil penalties) applies to a person who fails to comply with subsection (1).

Back to top

Options/Help