503. Restitution under the Pensions Act 2004.

503.     Restitution under the Pensions Act 2004.

If, on the application of the Pensions Regulator1, the court is satisfied that there has been a misuse or misappropriation of any of the assets of an occupational or personal pension scheme2, it may order any person involved3 to take such steps as the court may direct for restoring the parties to the position in which they were before the misuse or misappropriation occurred4.