Part 5: Further provision relating to pension schemes Scheme funding Schedule 10: Funding of defined benefit schemes Powers of the Regulator
Paragraph 7 amends section 231 of the Pensions Act 2004 so as to make provision regarding the action the Pensions Regulator can take when trustees do not comply with the requirements relating to the funding and investment strategy (set out in this Act and any subsequent regulations). Subparagraph (3) inserts paragraph (aa) at subsection (2) which provides that the Regulator may direct trustees or managers to revise the scheme’s funding and investment strategy in accordance with the direction.
	Part 2 of Schedule 10 contains minor and consequential amendments to the Pensions Act 2004. Paragraph 9 amends section 60 so that the full name and address of any chair of the trustees is registrable information. Paragraph 10 amends section 80 so that the offence under that section covers information provided in the statement of strategy under new section 221B. Paragraph 11 amends section 316 which governs Parliamentary control of subordinate legislation.