Pensions Act 1995

84 Payments made in anticipation

(1) The Compensation Board may, on an application for compensation under section 82, make a payment or payments to the trustees of a trust scheme where in their opinion—

(a) section 81 applies, or may apply, to the application, and

(b) the trustees would not otherwise be able to meet liabilities falling within a prescribed class,

but the Board have not determined the settlement date.

(2) Amounts payable under this section must be determined in accordance with regulations.

(3) Where any payment is made under this section, the Compensation Board may, except in prescribed circumstances—

(a) if they subsequently form the opinion that section 81 does not apply to the application for compensation in respect of the scheme, or

(b) if they subsequently form the opinion that the amount of the payment was excessive,

recover so much of the payment as they consider appropriate.