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Explanatory Memorandum to Pensions (Northern Ireland) Order 2005

Schedule 5: Transfer of property, rights and liabilities to the Board of the PPF

72.This Schedule makes additional provision for situations where the assets and liabilities of a scheme are transferred to the Board. The property, rights and liabilities to be transferred include: property (situated anywhere in the UK or elsewhere); rights and liabilities that would not otherwise be able to be transferred or assigned; rights and liabilities under UK law.

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