2(1)The Secretary of State may by order provide for the establishment, administration and management of one or more occupational pension schemes for the provision of pensions and other benefits for or in respect of eligible persons.U.K.
(2)Without prejudice to the generality of sub-paragraph (1) above, an order under that sub-paragraph may make provision with respect to—
(a)the persons who may participate in, or otherwise be members of, the scheme;
(b)the making of contributions by persons participating in the scheme;
(c)the making of contributions by employers of persons who participate in the scheme;
(d)the amendment of the scheme;
(e)the winding up of the scheme, whether in whole or in part;
(f)the persons by whom any function under or relating to the scheme is to be exercisable.
(3)Any occupational pension scheme established under this paragraph shall be treated for all purposes as if it were a pension scheme established under an irrevocable trust.