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PART IIOccupational Pensions

The compensation provisions

Payments made in anticipation

82.—(1) The Compensation Board may, on an application for compensation under Article 80, make a payment or payments to the trustees of a trust scheme where in their opinion—

(a)Article 79 applies, or may apply, to the application, and

(b)the trustees would not otherwise be able to meet liabilities falling within a prescribed class,

but the Board have not determined the settlement date.

(2) Amounts payable under this Article must be determined in accordance with regulations.

(3) Where any payment is made under this Article, the Compensation Board may, except in prescribed circumstances—

(a)if they subsequently form the opinion that Article 79 does not apply to the application for compensation in respect of the scheme, or

(b)if they subsequently form the opinion that the amount of the payment was excessive,

recover so much of the payment as they consider appropriate.