Social Security Act 1990 (c. 27)

SCHEDULES

SCHEDULE 4 Occupational and Personal Pension Schemes

Part II Miscellaneous Amendments

Grants by the Occupational Pensions Board to advisory bodies

11 The following section shall be inserted after the section 57A of the Pensions Act inserted by paragraph 3 above—

“57B Grants by the Board to advisory bodies etc

(1) The Occupational Pensions Board 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 to the Occupational Pensions Board such sums as he may think fit towards any expenditure of theirs in making grants under this section.”