Section 76 — Pensions Act 2008: Functions

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.