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Part 2 E+W+SAdministration charges

41Power to override contract termsE+W+S

(1)Paragraph 6 of Schedule 18 to the Pensions Act 2014 (power to restrict charges or impose requirements in relation to schemes: overriding provision) is amended as follows.

(2)After sub-paragraph (1) insert—

(1A)The Secretary of State may by regulations provide that specified provisions override any term of a relevant contract to the extent that it conflicts with them.

(3)In sub-paragraph (2), at the end insert “ or (1A) ”.

(4)After sub-paragraph (2) insert—

(3)Relevant contract” means a contract between the trustees or managers of a relevant scheme and a person providing services in relation to the scheme.