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Clergy Pensions Measure 1961

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Changes over time for: Section 32A

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Version Superseded: 01/03/2019

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Point in time view as at 13/06/2018. This version of this provision has been superseded. Help about Status



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[F132A Investment of moneys comprised in certain funds.E


(1)The Board may invest any moneys comprised in a fund to which this section applies and available for investment in the purchase of any investments or property of any sort either real or personal and whether or not being investments or property authorised by the general law for the investment of trust funds, or upon loan upon the security of any property of any description or without security and may also from time to time vary such investments.

(2)Moneys comprised in a fund to which this section applies which the Board do not think fit immediately to invest may be deposited at any bank.

(3)In relation to land, whether freehold or leasehold, the Board may exercise all the powers of management of improvement which could be exercised by an absolute owner holding the land beneficially.

[F2(4)The funds to which this section applies are—

(a)the funds which the Board administer, and

(b)the funds of which the Board are trustee.]]

Textual Amendments

F2S. 32A(4) substituted (coming into force in accordance with art. 2 of the commencing S.I.) by Pensions (Pre-consolidation) Measure 2018 (No. 2), s. 2(3), Sch. para. 5; S.I. 2018/716, art. 2

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