41Power to override contract terms
This section has no associated Explanatory Notes
(1)Paragraph 6 of Schedule 18 to the Pensions Act 2014 (power to restrict charges or impose requirements in relation to schemes: overriding provision) is amended as follows.
(2)After sub-paragraph (1) insert—
“(1A)The Secretary of State may by regulations provide that specified provisions override any term of a relevant contract to the extent that it conflicts with them.”
(3)In sub-paragraph (2), at the end insert “or (1A)”.
(4)After sub-paragraph (2) insert—
“(3)“Relevant contract” means a contract between the trustees or managers of a relevant scheme and a person providing services in relation to the scheme.”