PART 2Collective money purchase benefits: Northern Ireland
Triggering events and continuity options
93Prohibition on winding up except in accordance with continuity option 1
(1)
A person may wind up a collective money purchase scheme only in accordance with continuity option 1 (see section 87).
(2)
Subsection (1) overrides any provision of a collective money purchase scheme to the extent that there is a conflict.
(3)
Article 10 of the Pensions (Northern Ireland) Order 1995 (civil penalties) applies to a person who fails to comply with subsection (1).