Part 5Occupational and personal pension schemes: miscellaneous provisions

Consultation by employers

I1260Consultation by employers: personal pension schemes

1

Regulations may require any prescribed person who—

a

is the employer in relation to a personal pension scheme where direct payment arrangements exist in respect of one or more members of the scheme who are his employees, and

b

proposes to make a prescribed decision affecting the application of the direct payment arrangements in relation to those employees,

to consult prescribed persons in the prescribed manner before he makes the decision.

2

The validity of any decision prescribed for the purposes of subsection (1)(b) is not affected by any failure to comply with regulations under this section.

3

Section 261 contains further provisions about regulations under this section.