OpenLegislation

Section 174 Grants to advisory bodies etcF3I1

England, Wales and Scotland

(1)

The F1Regulatory Authority may make grants on such terms and conditions as they think fit to any person or body of persons providing advice or assistance, or carrying out other prescribed functions, in connection with occupational or personal pensions.

(2)

The Secretary of State may pay the Regulatory Authority such sums as he may think fit towards any expenditure of theirs in making grants under this section.

F2(3)

The Secretary of State may make grants on such terms and conditions as the Secretary of State thinks fit to any person or body of persons providing advice or assistance, or carrying out other prescribed functions, in connection with occupational or personal pensions.

Annotations

Textual amendments

F1

Words in s. 174 substituted (1.4.1997) by Pensions Act 1995 (c. 26), s. 180(1), Sch. 5 para. 73; S.I. 1997/664, art. 2(2), Sch. Pt. 1

F2

S. 174(3) inserted (3.1.2012) by Pensions Act 2011 (c. 19), ss. 35(2), 38(4); S.I. 2011/3034, art. 3(h)

F3

S. 174 heading substituted (3.1.2012) by Pensions Act 2011 (c. 19), ss. 35(3), 38(4); S.I. 2011/3034, art. 3(h)

Commencement

I1

Ss. 1-187 in force at 7.2.1994 by S.I. 1994/86, art. 2