498. Directions.

498.     Directions.

Where in the case of any trust scheme1 the employer2 fails to comply with any requirement to make payments of benefit into a separate account which is included in relevant regulations3, the Pensions Regulator4 may direct the trustees to make arrangements for the payment to the members5 of the benefit to which the requirement relates6. The Regulator may:


    (1)     where in the case of any trust scheme an annual report is published, direct the trustees to include a statement prepared by the Regulator in the report7;