Financial Measures (Miscellaneous Provisions) Act 2009

Application of certain other Acts.

9.— (1) A transfer order has effect for the purposes of this Part notwithstanding anything in the Act of 1990.

(2) The Act of 1990 continues to apply to a relevant pension scheme after the date of effect of a transfer order in relation to the covered pension fund concerned to the same extent as that Act applied to the scheme before that date.

(3) Notwithstanding section 6(1)(c) (as amended by section 3 (b) of the Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009 ) of the Act of 2000, where assets transferred under a transfer order include securities issued under section 54 (1) of the Finance Act 1970 , the Commission may hold or dispose of those securities as it sees fit.

(4) Nothing in this Part affects the operation of section 25 (8) of the Universities Act 1997 so far as it relates to superannuation.