Section 117H(1)

The Treasury may by regulations— provide that section 117B(1) does not apply in relation to unilateral changes of a description specified in the regulations; amend section 117D (best interests test); prescribe further conditions (in addition to those in sections 117D to 117F) that must be met in relation to a unilateral change for it to be permitted under section 117B(1); require the FCA to make general rules in compliance with section 117E(4)(b) that require the inclusion, in the terms of an appointment under that section, of a term providing that members of the pension scheme may in their own right enforce the terms of appointment under section 1 of the Contracts (Rights of Third Parties) Act 1999; disapply any legislation, or require the FCA to disapply any general rule, so far as it restricts or otherwise affects the power in section 117B(1); make provision consequential on this Part.

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Source: legislation.gov.uk · retrieved 2026-09-04