(1)In section 7 of the Pensions Act 1995 (c. 26) (appointment of trustees), in subsection (3)—
(a)for “necessary”, in the first place where it occurs, substitute “reasonable”;
(b)omit “or” at the end of paragraph (b);
(c)at the end insert “, or
(d)otherwise to protect the interests of the generality of the members of the scheme.”
(2)In paragraph 9(b) of Schedule 2 to the Pensions Act 2004 (c. 35) (reserved regulatory functions), for “or (c)” substitute “, (c) or (d)”.