SCHEDULE 1MODIFICATION OF CERTAIN PROVISIONS OF PARTS 1 AND 2 OF THE ACT
F13A
In section 134 (directions)—
a
in subsection (1), for “there is an assessment period in relation to an eligible scheme” substitute “an occupational pension scheme is a qualifying pension scheme under section 286(2) which has not been fully wound up”;
b
in subsection (2), for the words from the beginning to “is kept to a minimum” substitute “With a view to ensuring that any reduction in the scheme’s assets is kept to a minimum or that the assets of the scheme are invested in a way which, in the opinion of the scheme manager, is appropriate”;
F2ba
in subsection (2), after paragraph (b) insert—
ba
the determination of interim pensions,
c
in subsections (2) and (4), for “the Board”, substitute “the scheme manager”; and
F3ca
in subsection (3), before paragraph (a) insert—
za
“interim pension” has the meaning given by regulations under section 286(1),
d
in subsection (3), after paragraph (a)(i) insert—
ia
a professional adviser to the scheme;
ib
any other person appearing to the scheme manager to be a person who carries out, or is likely to carry out, activities relevant to the use of the assets of the scheme;