Pension – Pension scheme. The occupational pension schemes at issue had been established under a trust for the purposes of the appointment of a trustee under s 7(3) of the Pensions Act 1995. Accordingly, the Pension Regulator had the power to appoint a trustee of those schemes. Consequently, the Upper Tribunal (Tax and Chancery Chamber) granted the Pension Regulator's application to strike out the reference to that tribunal made by the sponsor of those schemes on the basis that there was no reasonable prospect of the reference succeeding.