Where a registered pension scheme already holds shares in a sponsoring employer prior to 6 April 2006 the shares may continue to be held. If however, the scheme purchases shares in a sponsoring employer after 6 April 2006 the 5% limit will apply and the total holding of shares including the value of the shares held prior to 6 April 2006 will have to be taken into account.
| Glossary ( RPSM20000000) |
