SCHEDULES
SCHEDULE 12Minor and consequential amendments
Pensions Act 1995 (c. 26)
41
In section 25 (appointment and powers of independent trustees: further provisions)—
a
in subsection (1) for “section 23(1)(b)” substitute “
section 23(1)
”
,
b
in subsection (2)—
i
after “a scheme” insert “
and there is an independent trustee of the scheme appointed under section 23(1)
”
, and
ii
omit from “but if” to the end,
c
in subsection (3) for “, no independent trustee of the scheme may” substitute “
and there is an independent trustee of the scheme appointed under section 23(1), the independent trustee may not
”
, and
d
in subsection (4)—
i
for “section 23(1)(b)” substitute “
section 23(1)
”
, and
ii
after “person” insert “
(within the meaning of section 23(3))
”
.