Pensions Act 2008

74 Review

(1) The Secretary of State must appoint a person to review in relation to a scheme established under section 67—

(a) the effect of provision made under section 70 (maximum amount of contributions),

(b) the effect of any restrictions on rights to transfer into the scheme or transfer out to another pension scheme, and

(c) such other matters as the Secretary of State may direct.

(2) The appointment under subsection (1) must be made on or after the later of—

(a) 1 January 2017;

(b) the end of five years beginning with the first day on which contributions are paid to the scheme by or in respect of members.

(3) The person appointed under subsection (1) must—

(a) prepare a report of the review, and

(b) send a copy of the report to the Secretary of State.

(4) The Secretary of State must lay before Parliament a copy of the report.

(5) The Secretary of State may pay to the person appointed under subsection (1) such remuneration and expenses as the Secretary of State may determine.