Part 2Royal Mail Pension Plan
Powers exercisable
21Transfer of assets of the RMPP
(1)
The Secretary of State may by order make provision for the transfer of assets of the RMPP to—
(a)
the Secretary of State,
(b)
a nominee of the Treasury, or
(c)
a fund established by 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).