SCHEDULES

SCHEDULE 7Pension schemes

14Orders for money etc to be restored to pension schemes

1

Section 266A (member’s liability) is amended as follows.

2

In subsection (1)(b) for the words from “an order” to “Regulator)” substitute “a relevant order”.

3

In subsection (5), in the definition of “ASO”—

a

before the first “order” insert “relevant”, and

b

for the words from the second “order” to “2005” substitute “relevant order”.

4

After subsection (6) insert—

6A

In this section “relevant order” means an order under any of the following—

a

section 16(1), 19(4) or 21(2)(a) of the Pensions Act 2004 (orders for money etc to be restored to pension schemes), or

b

Article 12(1), 15(4) or 17(2)(a) of the Pensions (Northern Ireland) Order 2005 (corresponding provision for Northern Ireland).