SCHEDULES

SCHEDULE 10Funding of defined benefit schemes

PART 1Amendments of Part 3 of the Pensions Act 2004

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In section 226 (recovery plan), after subsection (3) insert—

3A

Provision may be made by regulations as to the matters to be taken into account, or the principles to be followed, in determining for the purposes of subsection (3) whether a recovery plan is appropriate having regard to the nature and circumstances of the scheme.