Pensions Act 2004 Explanatory Notes

Secretary of State’s powers to vary percentage paid as compensation

603.Paragraph 30 provides that the Secretary of State may on the Board’s recommendation vary any of the percentages listed in paragraphs 3(4)(a) and (b), 5(3), 7(2), 8(3), 10(2), 11(3), 14(3), 15(3), 19(3), 20(3) and 22(3).

604.The Board must consult such persons it thinks appropriate and publish details of the proposed recommendation in relation to the percentages, in such manner as it thinks appropriate. It must consider any representations made.

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