Part 2 U.K.Royal Mail Pension Plan

Powers exercisable U.K.

21 Transfer of assets of the RMPP U.K.

(1) The Secretary of State may by order make provision for the transfer of assets of the RMPP to—

(a) the [F1 Minister for the Civil Service or the] Secretary of State,

(b) a nominee of the Treasury, or

(c) a fund established by the [F2 Minister for the Civil Service or the] Secretary of State for the purpose of holding the assets pending their disposal.

(2) An order under this section may be made only if an order under section 17 is being, or has been, made.

(3) An order under this section may include provision for—

(a) the delegation to any person of the administration and management of any fund within subsection (1)(c), and

(b) the making of payments into the Consolidated Fund.

(4) This section needs to be read with section 22 (which contains restrictions on the exercise of the power to make a transfer under this section).

Textual Amendments

F1 Words in s. 21(1)(a) inserted (2.4.2014) by The Transfer of Functions (Royal Mail Pension Plan) Order 2014 (S.I. 2014/500), arts. 1(2), 5(4) (with art. 4)

F2 Words in s. 21(1)(c) inserted (2.4.2014) by The Transfer of Functions (Royal Mail Pension Plan) Order 2014 (S.I. 2014/500), arts. 1(2), 5(4) (with art. 4)

Commencement Information

I1 S. 21 in force at 1.10.2011 by S.I. 2011/2329, art. 3