Paragraph 1 Pensions Act 1995

In section 34(2)(b) of the Pensions Act 1995^f1 (restrictions on delegation of investment functions) for the words from “section 25” to the end substitute—

“(i)

subsection (5),

(ii)

section 25 of the Trustee Act 1925 (delegation of trustee’s functions by power of attorney); or

(iii)

section 22 of the Trusts and Succession (Scotland) Act 2024 (delegation and the appointment of agents).”.