Part IU.K. Occupational pensions

GeneralU.K.

118 Powers to modify this Part.E+W+S

(1)Regulations may modify any provisions of this Part, in their application—

(a)to a trust scheme which applies to earners in employments under different employers,

(b)to a trust scheme of which there are no members who are in pensionable service under the scheme, or

(c)to any case where a partnership is the employer, or one of the employers, in relation to a trust scheme.

(2)Regulations may provide for [F1some or all of the provisions of sections 22 [F2to 26]], and section 117 (so far as it applies to those sections), not to apply in relation to a trust scheme falling within a prescribed class or description.

F3(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1Words in s. 118(2) substituted (1.3.2002 for specified purposes, 1.4.2002 in so far as not already in force) by Child Support, Pensions and Social Security Act 2000 (c. 19), ss. 47(3), 86(1)(b)(2) (with s. 83(6)); S.I. 2002/437, art. 3(1)(a)(2)

Commencement Information

I1S. 118 in force at 6.4.1996 for specified purposes by S.I. 1996/778, art. 2(5)(b)

I2S. 118 in force at 16.10.1996 in so far as not already in force by S.I. 1996/2637, art. 2