SCHEDULE 1Consequential amendments to Primary Legislation

Pensions Act 19953

1

The Pensions Act 199521 is amended as follows.

2

In section 75 (deficiencies in the assets)22, in subsection (6D), for paragraph (b), substitute—

b

the voluntary winding up of the employer—

i

is stayed other than in prescribed circumstances, or

ii

becomes a creditors’ voluntary winding up under section 96 of that Act (conversion to creditors’ voluntary winding up),