C1C2Part 2The Board of the Pension Protection Fund
Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except ch. 4)) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1, 2-60, 71, 72
C2C1Chapter 3Pension protection
Discharge of Board’s liabilities
169Discharge of liabilities in respect of compensation
1
This section applies where the Board assumes responsibility for an eligible scheme in accordance with this Chapter.
2
The Board may provide for the discharge of any liability imposed by this Chapter to provide compensation—
a
by the taking out of a policy of insurance or a number of such policies;
b
by the entry into an annuity contract or a number of such contracts;
c
by the transfer of the benefit of such a policy or policies or such a contract or contracts;
d
in prescribed circumstances, by the payment of a cash sum calculated in the prescribed manner.
Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277), regs. 1(1), 2-11