PART 1

Collective money purchase benefits

Authorisation

Reference to Tribunal of refusal to grant authorisation
10
1
If the Pensions Regulator refuses to grant authorisation to a collective money purchase scheme, the decision may be referred to the Tribunal by—
a
the trustees, or
b
any other person who appears to the Tribunal to be directly affected by the decision.
2
In this section “the Tribunal”, in relation to a reference under subsection (1), means—
a
the First-tier Tribunal, in any case where it is determined by or under Tribunal Procedure Rules that the First-tier Tribunal is to hear the reference;
b
the Upper Tribunal, in any other case.