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
7
(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;”.