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))”.