The Occupational Pension Schemes (Employer Debt etc.) (Amendment) Regulations 2005

Minor amendments of the 2005 Regulations

4.—(1) In regulation 4(1) of the 2005 Regulations (schemes to which section 75 of the 1995 Act does not apply) omit sub-paragraph (l) (the scheme established by the Salvation Army Act 1963(1)).

(2) In regulation 10 of the 2005 Regulations (money purchase schemes: fraud and levy deficiencies etc.), as it applies by virtue of regulation 12 of those Regulations (multi-employer money purchase schemes), in paragraph (1A)(a) (under which, unless the scheme makes contrary provision, an employer’s share of the levy deficit or the criminal deficit is such proportion of the total deficit as, in the opinion of the actuary, the amount of the scheme’s liabilities attributable to employment with that employer bears to the total amount of the scheme’s liabilities attributable to employment with the employers) for “the actuary” substitute “the trustees or managers”.

(3) In paragraph 2 of Schedule 2 to the 2005 Regulations (consequential amendment of the Occupational Pension Schemes (Winding Up) Regulations 1996(2)) for “the Occupational Pension Schemes Winding Up Regulations 1996” substitute “the Occupational Pension Schemes (Winding Up) Regulations 1996”.

(1)

1963 c.xxxii.

(2)

S.I. 1996/3126.