The Trustees shall keep such accounts, entries, registers and records...
- Keep proper accounts and arrange annual audit
UK Statutory Instrument
2001
United Kingdom
The Transport Act 2000 (Civil Aviation Authority Pension Scheme) Order 2001
At a glance
What's here
9 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
The Actuary shall in making a report upon the financial...
- Trustees must submit actuary's report and recommendations to sponsoring employer
All other costs, charges and expenses shall be allocated between...
- Trustees must allocate and pay certain professional charges of Employer Trustees
Each fund manager so appointed shall exercise the powers referred...
- Fund manager must comply with Pensions Act 1995 when exercising powers
The Trustee may request the Principal Employer to remove any...
- Remove a trustee when properly requested by the trustee board
The Principal Employer shall not unreasonably withhold the appointment as...
- Do not unreasonably block member-nominated trustees
The Principal Employer may by resolution remove any Employers' Trustee...
- Remove Employers' Trustees by resolution, and remove Members' Trustees when requested
If a Trustee fails over a period of six months...
- Remove trustee who misses meetings for six months
Browse 113 other Schedules — structural / supplementary
The Trustees shall appoint as auditor to the Scheme an...
The Trustees may remove and replace such auditor as they...
The Trustees shall arrange for the production of an annual...
A copy of such annual report or the relevant schedules...
The Trustees shall, in addition, comply with the Disclosure Regulations...
The Trustees shall provide such information to the Pensions Ombudsman,...
With effect from the Effective Date, the Trustees shall hold...
The Trustees shall, without prejudice to the generality of Clause...
The Trustees may remove and replace such Actuary as they...
The benefits, rights and options of Members who were in...
The Trustees shall instruct the Actuary to investigate the financial...
The Trustees shall also require the Actuary to submit certificates...
The Trustees shall make any such valuation report and certificate...
Subject to the allocation of individuals to the CAA Section...
All costs, charges and expenses (including for the avoidance of...
Where the Fund consists of or includes investments (within the...
A fund manager appointed under Clause 14.1 shall be empowered...
The Trustees shall, without prejudice to the generality of Clause...
The Trustees shall have the following powers in respect of...
The Trustees shall have the power to sell convert vary...
The Trustees shall hold all the investments, monies and other...
The Trustees shall exercise their powers under this Clause 15...
The Trustees shall secure that there is prepared, maintained and...
Notwithstanding anything contained herein to the contrary the Trustees shall...
Power to Borrow
Any Trustee not being an Employee shall be entitled to...
Any Trustee who is a Member shall be entitled to...
Where a proposed amendment relates solely to the provisions of...
Subject to Clause 17.3, the Principal Employer may with the...
In proposing an amendment under Clause 17.2, the Principal Employer...
Without prejudice to the powers of the Principal Employer under...
As soon as practicable after agreeing or deciding to amend...
No Trustee shall be liable for any actions claims or...
Trustee indemnity
Where any action, claim or demand arises in connection with...
To the extent that they are not indemnified by the...
The Trustees shall not be liable in respect of any...
The Trustees shall be liable only for such monies and...
Trustee insurance
An Employer currently participating in a Section or a Subsidiary...
If the applicant is permitted under Clause 19.1 above to...
If legislation is passed for the reconstruction or reconstitution of...
If the Principal Employer gives notice in writing to the...
If it appears to the Principal Employer that the Trustees...
In this Trust Deed and the Rules, the expressions this...
In the circumstances when an insolvency practitioner or the official...
The provisions of any Appendices (and any Schedules to such...
Notwithstanding the provisions of Clause 1 of the Previous Definitive...
For the avoidance of doubt it is stated that the...
In this Trust Deed and Rules: (a) unless the context...
With effect from the Effective Date, the CAA Section and...
Those individuals who, on the day immediately before the Effective...
All other Members together with all other individuals having an...
The Trustees shall hold and manage the Fund under irrevocable...
The assets and liabilities of the Scheme as at the...
The Section Assets in respect of each Section shall be...
The Trustees shall maintain records at all times which are...
Subject as hereinafter provided the power of appointing new trustees...
A copy of a resolution of the Principal Employer certified...
The above provisions of this Clause shall be without prejudice...
(a) The provisions of this Clause 5 shall be subject...
Where proposed alternative arrangements have been implemented in accordance with...
The Principal Employer covenants with the Trustees to exercise the...
Subject to the following provisions of this Clause 5, each...
The Trustees or any of them may resign their appointment...
The Principal Employer shall from time to time nominate one...
The Chairman or any two Trustees together may by written...
Notices of meetings of the Trustees stating the general nature...
Subject always to Clause 8.2 the Trustees may meet together...
All business brought before a meeting of the Trustees shall,...
The quorum for the transaction of business at any meeting...
A resolution in writing circulated to all the Trustees for...
The Trustees shall cause proper minutes to be kept of...
Without prejudice to the Trustees' powers under Clause 15, the...
The Trustees shall establish and maintain an Investment Policy Committee...
The Trustees shall establish and maintain for each Section of...
Each Section Strategic Asset Allocation Committee shall be composed of...
Without prejudice to their powers under Clause 8.6, the Trustees...
Each Section Strategic Asset Allocation Committee shall from time to...
Each Section Strategic Asset Allocation Committee shall meet together for...
The Trustees may request information or documents from any Section...
The Trustees shall be the Administrator of the Scheme for...
Subject always to Clause 8.9 above, the Trustees shall have...
The Trustees shall have power to insure any or all...
The Trustee shall have power from time to time whenever...
The Trustees shall meet for the despatch of business relevant...
The Trustees shall have all powers rights and privileges in...
(a) The Trustees shall have power from time to time...
The Trustees shall have power to authorise such persons and...
The Trustees shall have power to obtain the advice or...
The Trustees shall, have power to make arrangements for the...
The Trustees shall have power (whether as Trustees or Administrator)...
The Trustees shall secure that such arrangements as are required...
The Trustees shall appoint a secretary to the Scheme, such...
The supplemental deed dated 16th December 1999 and made between...
The supplemental deed dated 1st December 2000 and made between...
The supplemental deed dated 21st December 2000 and made between...
Return to Employers
Incapacity
Maternity leave
Maximum Pension
Maximum Lump Sum
Maximum Dependants Pension
Member also an Ex-Spouse Participant
Section A—Pensions Act 1995 Priorities
Section B—Other Priorities
Return to Employers
Incapacity
Maternity leave
Maximum Pension
Maximum Lump Sum
Maximum Dependants Pension
Member also an Ex-Spouse Participant
Allocation
- Trustees must allocate assets on the disposal date
Browse 224 other sections — procedural / definitional / commencement
Triggering events
sch. 1 para. 3.11
Repayments to members
Amount of death benefits
Death before payment of retirement benefit
Application of schedule
The provisions relating to the appointment, removal and resignation of...
The words and expressions used in this Section of this...
In relation to any period of contracting-out employment on or...
In complying with paragraph 1.3 above, the Trustees must ensure,...
Definitions
The provisions relating to the general powers of the Trustees...
Any pension (before the exercise of any options available under...
Notwithstanding paragraph 2.1 above, the pension which can be calculated...
Any period or part of a period of a Member’s...
If a Member ceases to be in a contracted-out employment...
Except as provided in sections 87 to 92 and 110...
(a) Payment of a Guaranteed Minimum Pension may be suspended...
The Guaranteed Minimum Pension and Spouse’s Guaranteed Minimum Pension in...
The provisions relating to the proceedings of the Trustees are...
The provisions relating to the proceedings of the Trustees are...
The calculations in paragraphs 3.8 and 3.9 of this Appendix...
As it will be impracticable to carry out a full...
Pension
Trivial Pension Serious Ill-health and Dependant’s Pension Option
Normal Commutation
Death before Pension starts
Death After Pension Starts
Transfer Out (Ex-Spouse Participant)
The actuarial liabilities in respect of Members attributed to each...
The balance of the assets of the Scheme remaining after...
Ex-Spouse participant also member of the CAA section
The Provisions relating to the liability of the Trustees are...
The provisions relating to disputes about matters related to the...
The provisions relating to disputes about matters related to the...
Reduction in Members' benefits
The provisions relating to the powers of the Trustees to...
Transfers in
The provisions relating to Section accounts are set out in...
Transfer Out (Member)
The provisions relating to the preparation of trustees reports and...
Non-Assignment/Forfeiture
If the Sponsoring Section Employer so requests, the Trustees may...
The Trustees shall make any such Interim Section Assessment available...
The costs associated with the preparation of such Interim Section...
Restriction of Contracted Out Benefits
If any actuarial investigation under Clause 12 reveals the existence...
(a) Subject as provided in paragraph (c) below, if any...
The disposal surplus or any balance which remains after carrying...
The Trustees shall also operate this Rule 10 if required...
Winding up
The Actuary shall certify the sum or sums (inclusive of...
The Trustees shall maintain a schedule of contributions in accordance...
Each Employer shall pay the amounts required under Rule 11.1...
Each Employer may also, subject to the consent of the...
The Trustees shall pay all costs charges and expenses incurred...
Charges
If the Sponsoring Section Employer, or any other Employer with...
The Section Strategic Asset Allocation Committee (appointed in accordance with...
The Section Strategic Asset Allocation Committee (appointed in accordance with...
The provisions relating to the Trustees' powers to borrow monies...
The provisions relating to the Trustees' powers to borrow monies...
Any pension payable to any person from the relevant Section...
This Rule applies where a proposed amendment relates solely to...
The Sponsoring Section Employer with the consent of the Trustees...
The Trustees shall have the right subject, where required in...
Without prejudice to the powers of the Sponsoring Section Employer...
As soon as practicable after agreeing or deciding to amend...
If a pension as described in paragraph 15 above is...
The Sponsoring Section Employer shall have power with the consent...
The Sponsoring Section Employer shall have power with the consent...
Any increase in a pension from the relevant Section after...
(a) If legislation is passed for the reconstruction or reconstitution...
If it appears to the Sponsoring Section Employer that the...
If the Sponsoring Section Employer ceases to contribute to the...
Any lump sum benefit (exclusive of any refund of the...
Triggering events
Deferment of winding-up
Purchase of additional benefits
Cessation of death benefits and of further accrual
Giving effect to winding-up
Transfer of remainder of Section Assets
Purchase of additional benefits
Methods of securing benefits
Employer ceasing to participate
Partial winding-up of the CAA Section
With effect on and from the Effective Date and subject...
Persons who become eligible to join the CAA Section on...
Discretionary entry
Restrictions on Membership
Notwithstanding Rules 21.1 to 21.4 above, for as long as...
Following the admission of a Controlling Director to membership of...
(a) A Member shall furnish evidence of health at such...
A Member and any other person (or the parent or...
Payment of any benefit under the CAA Section to any...
Any notice required to be given under the CAA Section...
Members' voluntary contributions
Member’s ordinary contributions
Employer’s contributions
Members' voluntary contributions
Limit on Members' contributions
Cessation of Members' contributions
Return of surplus voluntary contributions
Suspending or reducing contributions
Members' Contribution Options
Current Members
Members who have ceased to be Current Members
Increases in deferred pensions
AMOUNT OF DEATH BENEFITS
Lump sum
Pension
The Trustees shall have power at their absolute discretion to...
For the purposes of this Rule Relevant Pension means:
Lump sum
If a Member who has ceased to be a Current...
If a Member who has paid voluntary contributions to the...
Spouse’s pension
Children’s pensions
If a Member of the CAA Section dies before any...
Any pension payable under Rules 26.5 or 26.6 above shall...
Notwithstanding the previous provisions of this Rule, the Trustees may...
Dependants' pensions
At Normal Pension Date
Before Normal Pension Date
Service after Normal Pension Date
Lump sum
If a Member of the CAA Section who opted under...
Spouse’s pension
Children’s pension
If a Member of the CAA Section dies after a...
Any pension payable under Rules 28.4 or 28.5 shall be...
Notwithstanding the previous provisions of this Rule the Trustees may...
Dependants' pensions
Commutation of trivial pensions
Tax free cash sum
Serious ill-health
General
A cash sum payable in respect of any person under...
Subject to the following provisions of this Rule, a Member...
Exercise of this option shall be by notice given in...
Except as above mentioned, the exercise of the option may...
The amount of pension surrendered by a Member under this...
The pension described in Rule 30.1 above shall, unless the...
The option described in Rule 30.1 above may be exercised...
Ceasing to be eligible
Voluntary withdrawal
Refund of contributions
Deferred pension
Any pension to which a Member of the CAA Section...
Option for buy-out or transfer
Restriction on option
Separate periods of Pensionable Service
Subject as hereinafter provided, upon receipt, before any benefits become...
In their application of this Rule 33 the Trustees shall...
The Trustees may at their discretion make arrangements as described...
Prior to the completion of arrangements made in accordance with...
Subject to Rule 34.2 and to any undertaking given to...
Any payment made under this Rule shall be subject to...
At the written request of a Member to whom Rule...
Upon a payment being made under this Rule the Member...
Subject to Rule 35.2 below and to any undertaking given...
Before accepting any payment or transfer to the CAA Section...
Upon such acceptance as aforesaid the Trustees shall, subject to...
Such part, but only such part, of the assets so...
The Trustees shall not assume liability in respect of a...
In the event of the Member leaving Service in the...
If a Current Member of the CAA Section is temporarily...
Rule 36.1 shall not apply in respect of any period...
Continuation or suspension of contributions
A person who is deemed to remain a Current Member...
Paid Maternity Absence
Concurrent membership of sick pay scheme
Continuation of death benefits
Adjustment of remuneration
If at the expiry of the appropriate period specified in...
In respect of any benefit which is expressed to be...
If at the end of the period of two years...
In the case of a Member of the CAA Section...
In this Rule 37: Dependents means in respect of a...
Before making any payment in accordance with this Rule 37...
Payment of pensions
Subject always to Rule 39, the amount of each instalment...
A pension payable from the CAA Section to or in...
A pension payable from the CAA Section to or in...
Change in manner of payment and variable pension option
Method of payment of benefits
Pensions in course of payment from the CAA Section shall...
Pensions in course of payment from the NATS Section shall...
All Members of the CAA Section shall be Class B...
A Class B Member who wishes to be treated for...
NON-ASSIGNABILITY, FORFEITURE AND UNCLAIMED BENEFITS
No benefit provided from the CAA Section is capable of...
Any person who: (a) purports or attempts to assign, charge...
Where a benefit payable under the CAA Section to any...
Unclaimed benefits
Notwithstanding anything contained to the contrary in the Trust Deed...
Without prejudice to any express provision contained in the Trust...
Any Employer may at any time without the agreement of...
Notwithstanding any other provision of the CAA Section, the amount...
If a Member is discharged from Service in the CAA...
Subject always to Appendices 4 and 5, the following modifications...
The amount of any lump sum death benefit payable from...
(a) Upon the cessation of Service of a Member to...
In the event of any overpayment of benefits under the...
The amount of any lump sum death benefit payable from...
(a) Upon the cessation of Service of a Member to...
In the event of any overpayment of benefits under the...
Citation and commencement
Interpretation
Amendment of the Scheme
Applicability of Schedule
Cash sum in lieu of pension
Application of death benefits
Payment of Spouse’s Pension and Variable Pension Option
Increases in pensions in payment
Repayments to members
Interpretation of Schedule
Option to cease S category membership
Member’s contributions
Amount of members' pensions at normal pension date
Amount of death benefits
Death before payment of retirement benefit
Commencement of member’s pension
Death after commencement of pension
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