25 Appointment and powers of independent trustees: further provisions
Pensions Act 1995 (1995 c 26) | Legislation

25  Appointment and powers of independent trustees: further provisions

(1)     If, immediately before the appointment of an independent trustee under [section 23(1)], there is no trustee of the scheme other than the employer, the employer shall cease to be a trustee upon the appointment of the independent trustee.

(2)     While section 22 applies in relation to a scheme [and there is an independent trustee of the scheme appointed under section 23(1)]—

(a)     any power vested in the trustees of the scheme and exercisable at their discretion may be exercised only by the independent trustee, and

(b)     any power—

(i)     which the scheme confers on the employer

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