The Pensions Act 2004 (Commencement No. 6, Transitional Provisions and Savings) Order 2005 No. 1720 (C. 73)

Transfer of property, rights and liabilities of the Pensions Compensation Board U.K.

3.  All property, rights and liabilities to which the Pensions Compensation Board is entitled or subject immediately before 1st September 2005 shall, on that day, become the property, rights and liabilities of the Board.