This section has no associated Explanatory Memorandum
32. Except where the scheme is a trust scheme that applies to earners in employments under different employers, where the scheme has employer-related investments (within the meaning of section 40(2) of the 1995 Act (restriction on employer-related investments)), a statement—E+W+S
(a)as to the percentage of the scheme's resources invested in such investments at the end of the year,
(b)if that percentage exceeds 5%, as to the percentage of the scheme's resources that are investments to which regulation 13 of the Occupational Pension Schemes (Investment) Regulations 2005 (investments to which restrictions do not apply) applies, and
(c)if any resources of the scheme are invested in contravention of subsection (1) of section 40 of the 1995 Act—
(i)as to the steps the trustees or managers of the scheme have taken or propose to take to secure that the scheme complies with that section, and
(ii)as to the time when any proposed steps will be taken.