Appointment of trustees

‘(1) In section 7 of the Pensions Act 1995 (c. 26) (appointment of trustees), in subsection (3)—

(a) for “necessary”, in the first place where it occurs, substitute “reasonable”;

(b) omit “or” at the end of paragraph (b);

(c) at the end insert “, or

(d) otherwise to protect the interests of the generality of the members of the scheme.”

(2) In paragraph 9(b) of Schedule 2 to the Pensions Act 2004 (c. 35) (reserved regulatory functions), for “or (c)” substitute “, (c) or (d)”.’.—[Mr. Mike O'Brien.]

Brought up, read the First and Second time, and added to the Bill.