SCHEDULES

SCHEDULE 23Pension schemes etc: miscellaneous

Unauthorised payments: former members and sponsoring employers etc

9

1

Section 174 (value shifting) is amended as follows.

2

In subsection (1)—

a

before “member”, in the first place, insert “ person who is or has been a ”, and

b

for “member”, in each other place, substitute “ person ”.

3

In subsection (2)—

a

for “member's” substitute “ person's ”, and

b

for “member”, in both places, substitute “ person ”.