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Pensions Act 2008

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This is the original version (as it was originally enacted).

68Scheme orders: general
This section has no associated Explanatory Notes

(1)An order under section 67 establishing a scheme must provide for the trustee corporation (the body established by section 75) to be a trustee on the coming into force of the scheme.

(2)An order under section 67 may provide for any provision of the Trustee Act 2000 (c. 29) to apply as if an order or rules under section 67 were a trust instrument.

(3)An order under section 67 may provide for the trustees to have power to make rules under that section.

(4)Where the trustees have power to make rules, an order under section 67 may provide—

(a)that they may not exercise the power in specified circumstances;

(b)that they may exercise it subject to conditions;

(c)that they must comply with requirements for consultation or publication or other procedural requirements when exercising the power.

(5)An order under section 67 may make provision for the exclusion of, or indemnity against, liability of a trustee, or an officer or employee of a trustee, arising out of the administration or management of a scheme.

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