Part 1: Financial Guidance Etc Establishment of the single financial guidance body Schedule 2: Transfer of schemes under Section 1
Paragraph 1 provides the Secretary of State with the power to make schemes transferring the property, rights and liabilities of The Pensions Advisory Service, and the Secretary of State to the single financial guidance body.
	Paragraph 3 provides the Secretary of State with the power to modify a transfer scheme with the proviso that, if the scheme has already come into effect, such a modification can only be made with the agreement of the person or persons affected. A modification takes effect from the date specified by the Secretary of State.