PART VIOCCUPATIONAL AND PERSONAL PENSION SCHEMES: MISCELLANEOUS PROVISIONS

Requirements for member-nominated trustees and directors

Member-nominated trustees and directors: supplementary220

1

The Department may, by order, amend Articles 218(1)(a) and (4) and 219(1)(a) and (4) by substituting, in each of those provisions, “one-half” for “one-third”.

2

Regulations may modify Articles 218 and 219 (including any of the provisions mentioned in paragraph (1)) in their application to prescribed cases.

3

In Articles 218 and 219—

  • “company” means a company F1as defined in section 1(1) of the Companies Act 2006 or a company which may be wound up under Part VI of the Insolvency Order (unregistered companies);

  • “occupational trust scheme” means an occupational pension scheme established under a trust.