Part 2Royal Mail Pension Plan
Powers exercisable
I121Transfer of assets of the RMPP
1
The Secretary of State may by order make provision for the transfer of assets of the RMPP to—
a
the F1Minister for the Civil Service or the Secretary of State,
b
a nominee of the Treasury, or
c
a fund established by the F2Minister for the Civil Service or the Secretary of State for the purpose of holding the assets pending their disposal.
2
An order under this section may be made only if an order under section 17 is being, or has been, made.
3
An order under this section may include provision for—
a
the delegation to any person of the administration and management of any fund within subsection (1)(c), and
b
the making of payments into the Consolidated Fund.
4
This section needs to be read with section 22 (which contains restrictions on the exercise of the power to make a transfer under this section).