Pensions Act 1995
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
69 Grounds for applying for modifications: winding up registered schemes
(1) The Authority may, on an application made to them by the trustees of a registered pension scheme which is being wound up, make an order— (a) modifying the scheme for the purpose of enabling assets remaining after the liabilities of the scheme have been fully discharged to be distributed to the employer, or (b) authorising the trustees to modify the scheme for that purpose. (2) But the Authority may act under subsection (1) only if prescribed requirements in relation to the distribution are satisfied. (3) Regulations may make provision requiring applications under subsection (1) to meet prescribed requirements. (4) Regulations may provide that in prescribed circumstances this section does not apply to schemes falling within a prescribed class or description or applies to them with prescribed modifications. (5) In this section “registered pension scheme” means an occupational pension scheme registered under section 153 of the Finance Act 2004 (other than a public service pension scheme).
69 Grounds for applying for modifications: winding up registered schemes
(1) The Authority may, on an application made to them by the trustees of a registered pension scheme which is being wound up, make an order— (a) modifying the scheme for the purpose of enabling assets remaining after the liabilities of the scheme have been fully discharged to be distributed to the employer, or (b) authorising the trustees to modify the scheme for that purpose. (2) But the Authority may act under subsection (1) only if prescribed requirements in relation to the distribution are satisfied. (3) Regulations may make provision requiring applications under subsection (1) to meet prescribed requirements. (4) Regulations may provide that in prescribed circumstances this section does not apply to schemes falling within a prescribed class or description or applies to them with prescribed modifications. (5) In this section “registered pension scheme” means an occupational pension scheme registered under section 153 of the Finance Act 2004 (other than a public service pension scheme).
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.