Explanatory Notes

Pensions Act 2004

2004 CHAPTER 35

18 November 2004

Commentary on Sections

Part 1 – the Pensions Regulator

Trustees of occupational pension schemes

Section 37: Disqualification

132.By virtue of this section, which amends section 30(1) of the Pensions Act 1995 (consequences of disqualification under section 29), disqualification will automatically remove a trustee. This aligns disqualification under section 29 of that Act with the effect of a prohibition order under section 3 of that Act.