Section 68 — Pensions Act 2008: Scheme orders: general

Scheme orders: general 68 1 An order under section 67 establishing a scheme must provide for the trustee corporation (the body established by section 75) to be a trustee on the coming into force of the scheme.

2 An order under section 67 may provide for any provision of the Trustee Act 2000 (c. 29) to apply as if an order or rules under section 67 were a trust instrument.

3 An order under section 67 may provide for the trustees to have power to make rules under that section.

4 Where the trustees have power to make rules, an order under section 67 may provide—

a that they may not exercise the power in specified circumstances;

b that they may exercise it subject to conditions;

c that they must comply with requirements for consultation or publication or other procedural requirements when exercising the power.

5 An order under section 67 may make provision for the exclusion of, or indemnity against, liability of a trustee, or an officer or employee of a trustee, arising out of the administration or management of a scheme.