76 Excess assets on winding up
Pensions Act 1995 (1995 c 26) | Legislation

76  Excess assets on winding up

(1)     This section applies to a trust scheme in any circumstances if—

[(a)     it is a registered pension scheme under section 153 of the Finance Act 2004,]

(b)     the scheme is being wound up, and

(c)     in those circumstances power is conferred on the employer or the trustees to distribute assets to the employer on a winding up.

(2)     The power referred to in subsection (1)(c) cannot be exercised unless

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Public inquiry procedure

Public inquiry procedureThe procedure by which a public inquiry is conducted will vary significantly from one inquiry to the next. Even for inquiries established under the Inquiries Act 2005 (IA 2005), the associated inquiry rules are not particularly prescriptive as to how they ought to be

LEXISNEXIS

Fiduciary Duties

Fiduciary DutiesWho is a fiduciary?There is no comprehensive list of the relationships which give rise to the existence of fiduciary duties under common law. Some relationships are automatically fiduciary, eg those between trustee and beneficiary, solicitor and client, principal and agent, business

LEXISNEXIS

Notice to complete

While this Practice Note primarily covers commercial property matters, it also touches on residential considerations.Time is generally not of the essence for completion of a contract for the sale of land. If the seller or the buyer delays completion, the defaulting party will be liable in damages

LEXISNEXIS

Wounding or causing grievous bodily harm with intent

Wounding or causing grievous bodily harm with intentThe offence of causing grievous bodily harm with intentWounding or causing grievous bodily harm (GBH) with intent is triable only in the Crown Court on indictment. Elements of the offence Under the Offences against the Person Act 1861 (OATPA 1861),