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Legal Aid, Sentencing and Punishment of Offenders Act 2012

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This is the original version (as it was originally enacted).

Power to merge LSC occupational pension schemes

This section has no associated Explanatory Notes

5(1)The Lord Chancellor may make a scheme providing for the merger of LSC occupational pension schemes.

(2)A scheme under this paragraph may in particular—

(a)provide for the assets and liabilities of one LSC occupational pension scheme to become assets and liabilities of another,

(b)create, modify or remove rights, powers, duties or liabilities under or in connection with an LSC occupational pension scheme,

(c)provide for the winding up of an LSC occupational pension scheme,

(d)provide for references to one LSC occupational pension scheme in a document, including an enactment, to have effect as references to another, and

(e)include consequential, incidental, supplementary, transitional, transitory and saving provision.

(3)A scheme under this paragraph may in particular amend or otherwise modify—

(a)the trust deed of an LSC occupational pension scheme,

(b)rules of an LSC occupational pension scheme, and

(c)any other instrument relating to the constitution, management or operation of an LSC occupational pension scheme.

(4)A scheme under this paragraph must ensure that the merger of the LSC occupational pension schemes does not, to any extent, deprive members of the LSC occupational pension schemes, or other beneficiaries under those schemes, of rights that accrue to them under those schemes before the merger takes effect.

(5)Subject to sub-paragraph (4), a scheme under this paragraph has effect in spite of any provision (of any nature) which would otherwise prevent the merger of the LSC occupational pension schemes.

(6)In this paragraph—

  • “LSC occupational pension scheme” means an occupational pension scheme under which—

    (a)

    the LSC has rights, powers, duties or liabilities, or

    (b)

    the Lord Chancellor or the Secretary of State has rights, powers, duties or liabilities by virtue of a scheme under paragraph 4(3);

  • “occupational pension scheme” has the same meaning as in the Pension Schemes Act 1993.

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