Section 63 of the Pensions Act is hereby amended by the substitution for subsection (1) of the following subsection:

"(1) The High Court (in this Part referred to as 'the Court') may, on application to it by the Board by petition, make an order -

(a) for the removal of a trustee of a scheme and the appointment of a new trustee, and

(b) that a trustee so removed shall not act as a trustee of a scheme for such period as the Court may order.".