C1Part 1The Pensions Regulator
Trustees of occupational pension schemes
I135Appointments of trustees by the Regulator
1
In section 7 of the Pensions Act 1995 (appointment of trustees)—
a
omit subsection (4), and
b
after subsection (5) insert—
5A
An application may be made to the Authority in relation to a trust scheme by—
a
the trustees of the scheme,
b
the employer, or
c
any member of the scheme,
for the appointment of a trustee of the scheme under subsection (3)(a) or (c).
2
In section 8 of that Act (consequences of appointment of trustees under section 7), for subsections (1) and (2) substitute—
1
An order under section 7 appointing a trustee may provide for any fees and expenses of trustees appointed under the order to be paid—
a
by the employer,
b
out of the resources of the scheme, or
c
partly by the employer and partly out of those resources.
2
Such an order may also provide that an amount equal to the amount (if any) paid out of the resources of the scheme by virtue of subsection (1)(b) or (c) is to be treated for all purposes as a debt due from the employer to the trustees of the scheme.
Pt. 1 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986), regs. 1(1), 4, Sch. 1 Pt. 1 (as amended (17.7.2008) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903), regs. 1, 5(2), 13; (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 5, 18; (2.4.2010) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149), regs. 1, 5, 15)