74 Discharge of liabilities by insurance, etc
Pensions Act 1995 (1995 c 26) | Legislation

74  Discharge of liabilities by insurance, etc

[(1)     This section applies where an occupational pension scheme to which section 73 applies is being wound up.]

(2)     A liability to or in respect of a member of the scheme in respect of pensions or other benefits . . . is to be treated as discharged (to the extent that it would not be so treated apart from this section) if the trustees or managers of the scheme have, in accordance with prescribed arrangements, provided for the discharge of the liability in one or more of the ways mentioned in subsection (3).

(3)     The ways

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