36 Independent trustees
Pensions Act 2004 (2004 c 35) | Legislation

36  Independent trustees

(1)     Part 1 of the Pensions Act 1995 (c 26) (occupational pension schemes) is amended as follows.

(2)     In section 22 (circumstances in which provisions relating to independent trustees apply)—

(a)     in subsection (1)(b) omit “or” at the end of sub-paragraph (i) and after that sub-paragraph insert—

“(ia)     the interim receiver of the property of a person who is the employer in relation to the scheme, or”,

(b)     in subsection (2), after “a scheme” insert “by virtue of subsection (1)”,

(c)     after subsection (2) insert—

“(2A)     To the extent that it does not already apply by virtue of subsection (1), this section also applies in relation to a trust scheme—

(a)     at any time during an assessment period (within the meaning of section 132 of the Pensions Act 2004) in relation to the scheme, and

(b)     at any time, not within paragraph (a), when the scheme is authorised under section 153 of that Act (closed schemes) to continue as a closed scheme.”, and

(d)     after subsection (2A) (inserted by paragraph (c) above) insert—

“(2B)     The responsible person must, as soon as reasonably practicable, give notice of an event within subsection (2C) to—

(a)     the Authority,

(b)

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