Point in time view as at 18/01/2020.
Pensions Act 2008, Cross Heading: Finance is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
18(1)The Secretary of State may, with the consent of the Treasury, give financial assistance to the trustee corporation.U.K.
(2)The assistance—
(a)may take the form of grants, loans, guarantees or indemnities;
(b)may be given on conditions;
(c)in the case of a loan, must be given on a condition requiring the loan to be repaid with interest at a rate approved by the Treasury.
(3)Section 5 of the National Loans Act 1968 (c. 13) (rates of interest on certain loans out of the National Loans Fund) has effect as respects the rate of interest on a loan under this paragraph as it has effect as respects a rate of interest within subsection (1) of that section.
19U.K.The trustee corporation may make charges in connection with the exercise of its functions.
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