Part 1

Pension scheme membership for jobholders
Chapter 5

Duty to establish a pension scheme

Trustee corporation

Functions
76
1
The functions of the trustee corporation are—
a
to act as a trustee of any scheme established under section 67, and
b
any other functions it is given by or under an enactment in connection with the scheme.
2
The corporation may do anything calculated to facilitate, or incidental or conducive to, the carrying out of any of its functions.
3
In particular the corporation may—
a
enter into agreements;
b
borrow money;
c
invest money.
4
The corporation's powers within subsection (3)(b) and (c) are exercisable only with the consent of the Secretary of State.
5
Subsections (3) and (4) are without prejudice to the exercise by the trustee corporation of any power vested in it as a trustee of a scheme established under section 67.
Pt. 1 applied (with modifications) (temp. 1.7.2012 to 30.6.2020) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), art. 2 (with saving in art. 5)