SCHEDULE 3PENSIONS

11

Unless otherwise stated or provided in the guarantee or arrangements mentioned in paragraph 10—

a

that guarantee or those arrangements shall for the purposes of determining the application of any provision of pensions legislation be deemed to have been given or made at the guarantee time ; and

b

from the guarantee time until the time that such guarantee or arrangements have been given or made the following provisions shall not apply to the remaining section—

i

section 75 of the Pensions Act 1995;

ii

sections 38, 43 and 52 of the Pensions Act 2004; and

iii

Part 3 (scheme funding) of the Pensions Act 2004.