Pension Schemes Act 2015
2015 CHAPTER 8
Commentary on Sections
Part 2 – Collective Benefits
Section 17: Restriction on borrowing by trustees and managers
72.This section provides a power to make regulations to prohibit trustees or managers of schemes containing collective benefits from borrowing money or acting as a guarantor, except in specified cases. This also applies to anyone to whom the trustees or manager have delegated decisions about collective benefit investments.
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