Pensions (Amendment) Act, 1996

Amendment of section 63 of Principal Act.

26.—Section 63 of the Principal Act is hereby amended by—

(a) the substitution for subsection (2) of the following subsection:

“(2) The Court may make an order under subsection (1) in relation to the trustees of a scheme, if it considers—

(a) that any of the trustees have failed to carry out any of the duties imposed on them by law (including this Act), or

(b) that the scheme is being or has been administered in such a manner as to jeopardise the rights and interests thereunder of the members of the scheme.”,

and

(b) the insertion in subsection (5) after “resources of the scheme” of “or from the employer.”.