Section 74 — Pensions Act 2008: Review

Review 74 1 The Secretary of State must appoint a person to review in relation to a scheme established under section 67—

a the effect of provision made under section 70 (maximum amount of contributions),

b the effect of any restrictions on rights to transfer into the scheme or transfer out to another pension scheme, and c such other matters as the Secretary of State may direct.

2 The appointment under subsection (1) must be made on or after the later of—

a 1 January 2017;

b the end of five years beginning with the first day on which contributions are paid to the scheme by or in respect of members.

3 The person appointed under subsection (1) must—

a prepare a report of the review, and b send a copy of the report to the Secretary of State.

4 The Secretary of State must lay before Parliament a copy of the report.

5 The Secretary of State may pay to the person appointed under subsection (1) such remuneration and expenses as the Secretary of State may determine.