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Functions of trustees Functions of trustees

England, Wales and Scotland

  1. 32Decisions by majority.
  2. 33Investment powers: duty of care.
  3. 34Power of investment and delegation.
  4. 35Investment principles.
  5. 36Choosing investments.
  6. 36ARestriction on borrowing by trustees
  7. 36BPower to modify scheme in relation to payment of surplus to employer
  8. 37Payment of surplus to employer.
  9. 38Power to defer winding up.
  10. 39Exercise of powers by member trustees.

Notes on Part I

Modifications

C1

Pt. I modified (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), regs. 1, 2

C2

Pt. I applied (with modifications) (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), reg. 2

C3

Pt. I: Pensions Act 2004 (c.35), Pt. 3 construed as one with Pt. I of this Act (4.12.2005 for specified purposes, 30.12.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), ss. 233, 322(1) (with s. 313); S.I. 2005/3331, art. 2(1)(a)(b), Sch. Pt. 1