ARRANGEMENT OF SECTIONS

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1. Part I

   Occupational pensions

   1. Occupational Pensions Regulatory Authority

      1. 1. The new authority.

      2. 2. Reports to Secretary of State.

   2. Supervision by the Authority

      1. 3. Prohibition orders.

      2. 4. Suspension orders.

      3. 5. Removal of trustees: notices.

      4. 6. Removal or suspension of trustees: consequences.

      5. 7. Appointment of trustees.

      6. 8. Appointment of trustees: consequences.

      7. 9. Removal and appointment of trustees: property.

      8. 10. Civil penalties.

      9. 11. Powers to wind up schemes.

      10. 12. Powers to wind up public service schemes.

      11. 13. Injunctions and interdicts.

      12. 14. Restitution.

      13. 15. Directions.

   3. Member-nominated trustees and directors

      1. 16. Requirement for member-nominated trustees.

      2. 17. Exceptions.

      3. 18. Corporate trustees: member-nominated directors.

      4. 19. Corporate trustees: exceptions.

      5. 20. Selection, and eligibility, of member-nominated trustees and directors.

      6. 21. Member-nominated trustees and directors: supplementary.

   4. Independent trustees

      1. 22. Circumstances in which following provisions apply.

      2. 23. Requirement for independent trustee.

      3. 24. Members' powers to apply to court to enforce duty.

      4. 25. Appointment and powers of independent trustees: further provisions.

      5. 26. Insolvency practitioner or official receiver to give information to trustees.

   5. Trustees: general

      1. 27. Trustee not to be auditor or actuary of the scheme.

      2. 28. Section 27: consequences.

      3. 29. Persons disqualified for being trustees.

      4. 30. Persons disqualified: consequences.

      5. 31. Trustees not to be indemnified for fines or civil penalties.

   6. Functions of trustees

      1. 32. Decisions by majority.

      2. 33. Investment powers: duty of care.

      3. 34. Power of investment and delegation.

      4. 35. Investment principles.

      5. 36. Choosing investments.

      6. 37. Payment of surplus to employer.

      7. 38. Power to defer winding up.

      8. 39. Exercise of powers by member trustees.

   7. Functions of trustees or managers

      1. 40. Restriction on employer-related investments.

      2. 41. Provision of documents for members.

   8. Employee trustees

      1. 42. Time off for performance of duties and for training.

      2. 43. Payment for time off.

      3. 44. Time limit for proceedings.

      4. 45. Remedies.

      5. 46. Right not to suffer detriment in employment or be unfairly dismissed.

   9. Advisers

      1. 47. Professional advisers.

      2. 48. "Blowing the whistle".

   10. Receipts, payments and records

       1. 49. Other responsibilities of trustees, employers, etc.

   11. Resolution of disputes

       1. 50. Resolution of disputes.

   12. Indexation

       1. 51. Annual increase in rate of pension.

       2. 52. Restriction on increase where member is under 55.

       3. 53. Effect of increases above the statutory requirement.

       4. 54. Sections 51 to 53: supplementary.

       5. 55. Section 51: end of annual increase in GMP.

   13. Minimum funding requirement

       1. 56. Minimum funding requirement.

       2. 57. Valuation and certification of assets and liabilities.

       3. 58. Schedules of contributions.

       4. 59. Determination of contributions: supplementary.

       5. 60. Serious underprovision.

       6. 61. Sections 56 to 60: supplementary.

   14. Equal treatment

       1. 62. The equal treatment rule.

       2. 63. Equal treatment rule: supplementary.

       3. 64. Equal treatment rule: exceptions.

       4. 65. Equal treatment rule: consequential alteration of schemes.

       5. 66. Equal treatment rule: effect on terms of employment, etc.

   15. Modification of schemes

       1. 67. Restriction on powers to alter schemes.

       2. 68. Power of trustees to modify schemes by resolution.

       3. 69. Grounds for applying for modifications.

       4. 70. Section 69: supplementary.

       5. 71. Effect of orders under section 69.

       6. 72. Modification of public service pension schemes.

   16. Winding up

       1. 73. Preferential liabilities on winding up.

       2. 74. Discharge of liabilities by insurance,…