Section 35 Grants by the Secretary of State to advisory bodies etcI1

Section 174 of the Pension Schemes Act 1993 (grants by the Pensions Regulator to advisory bodies etc) is amended as follows.

After subsection (2) insert—

(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.

For the heading substitute “ Grants to advisory bodies etc ”.