Pension Schemes Act 2017
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Change 1
41 Power to override contract terms
(1) Paragraph 6 of Schedule 18 to the Pensions Act 2014 (power to restrict charges or impose requirements in relation to schemes: overriding provision) is amended as follows. (2) After sub-paragraph (1) insert— (1A) The Secretary of State may by regulations provide that specified provisions override any term of a relevant contract to the extent that it conflicts with them. (3) In sub-paragraph (2), at the end insert “ or (1A) ”. (4) After sub-paragraph (2) insert— (3) “Relevant contract” means a contract between the trustees or managers of a relevant scheme and a person providing services in relation to the scheme.
41 Power to override contract terms
(1) Paragraph 6 of Schedule 18 to the Pensions Act 2014 (power to restrict charges or impose requirements in relation to schemes: overriding provision) is amended as follows. (2) After sub-paragraph (1) insert— (1A) The Secretary of State may by regulations provide that specified provisions override any term of a relevant contract to the extent that it conflicts with them. (3) In sub-paragraph (2), at the end insert “ or (1A) ”. (4) After sub-paragraph (2) insert— (3) “Relevant contract” means a contract between the trustees or managers of a relevant scheme and a person providing services in relation to the scheme.
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