[72B Directions by Authority for facilitating winding-up]
Pensions Act 1995 (1995 c 26) | Legislation

[72B  Directions by Authority for facilitating winding-up]

[(1)     Subject to the following provisions of this section, the Authority shall have power, at any time after the winding-up of an occupational pension scheme has begun, to give directions under this section if they consider that the giving of the direction is appropriate on any of the grounds set out in subsection (2).

(2)     Those grounds are—

(a)     that the trustees or managers of the scheme are not taking all the steps in connection with the winding-up that the Authority consider would be being taken if the trustees or managers were acting reasonably;

(b)     that steps being taken by the trustees or managers for the purposes of the winding-up involve things being done with what the Authority consider to be unreasonable delay;

(c)     that the winding-up is being obstructed or unreasonably delayed by the failure of any person—

(i)     to provide information to the trustees or managers;

(ii)     to provide information to a person involved in the administration of the scheme;

(iii)     to provide information to a person of a prescribed description; or

(iv)     to take any step

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