(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
The rules may give the employer, a majority of the members,
or the trustees, the power to wind-up a scheme. Where the employer
stops paying contributions the trustees sometimes have a choice
whether to continue the scheme or wind it up. But if the break in
employer contributions is only temporary, for example, because the
scheme is in surplus, the scheme may normally continue without
affecting approval (see
PSI5.2.12).
