127 Transfer to Secretary of State of rights and remedies
Pension Schemes Act 1993 (1993 c 48) | Legislation

127  Transfer to Secretary of State of rights and remedies

(1)     Where in pursuance of section 124 the Secretary of State makes any payment into the resources of an occupational pension scheme or a personal pension scheme in respect of any contributions to the scheme, any rights and remedies in respect of those contributions belonging to the persons competent to act in respect of the scheme shall, on the making of the payment, become rights and remedies of the Secretary of State.

(2)     Where the Secretary of State makes any such payment as is mentioned in subsection (1)

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