SCHEDULES

SCHEDULE 11Further provision relating to pension schemes: Northern Ireland

PART 1Funding of defined benefit schemes

Amendments of Part 4 of the Pensions (Northern Ireland) Order 2005

I1I27

1

Article 210 (powers of the Regulator) is amended as follows.

2

In paragraph (1), before sub-paragraph (za) insert—

zza

that the trustees or managers have failed to comply with any of the requirements of Article 200A (funding and investment strategy) or regulations under that Article;

3

In paragraph (2), after sub-paragraph (a) insert—

aa

it may give a direction requiring the trustees or managers to revise the scheme's funding and investment strategy in accordance with the direction;