187 Board's powers to make fraud compensation transfer payments
Pensions Act 2004 (2004 c 35) | Legislation

187  Board's powers to make fraud compensation transfer payments

(1)     This section applies where—

(a)     the Board assumes responsibility for a scheme in accordance with Chapter 3,

(b)     the value of the assets of the scheme was reduced after the relevant date but before the transfer notice (within the meaning of section 160) was received by the trustees or managers of the scheme and there are reasonable grounds for believing that the reduction was attributable to an act or omission constituting an offence prescribed for the purposes of section 182(1)(b), and

(c)     no application was made under section 182 in respect of that

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