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Pensions Act 2004
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Pensions Act 2004, Section 16 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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16RestitutionE+W+S
This section has no associated Explanatory Notes
(1)If, on the application of the Regulator, the court is satisfied that there has been a misuse or misappropriation of any of the assets of an occupational or personal pension scheme, it may order any person involved to take such steps as the court may direct for restoring the parties to the position in which they were before the misuse or misappropriation occurred.
(2)For this purpose a person is “involved” if he appears to the court to have been knowingly concerned in the misuse or misappropriation of the assets.
(3)The jurisdiction conferred by this section is exercisable by the High Court or the Court of Session.
Commencement Information
I1S. 16 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7
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