40 Restriction on employer-related investments
Pensions Act 1995 (1995 c 26) | Legislation

Functions of trustees or managers

40  Restriction on employer-related investments

(1)     The trustees or managers of an occupational pension scheme must secure that the scheme complies with any prescribed restrictions with respect to the proportion of its resources that may at any time be invested in, or in any description of, employer-related investments.

(2)     In this section—

“employer-related investments” means—

(a)     shares or other securities issued by the employer or by any person who is connected with, or an associate of, the employer,

(b)     land which

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