36 Choosing investments
Pensions Act 1995 (1995 c 26) | Legislation

36  Choosing investments

[(1)     The trustees of a trust scheme must exercise their powers of investment in accordance with regulations and in accordance with subsections (3) and (4), and any fund manager to whom any discretion has been delegated under section 34 must exercise the discretion in accordance with regulations.

(1A)     Regulations under subsection (1) may, in particular—

(a)     specify criteria to be applied in choosing investments, and

(b)     require diversification of investments.]

(2)     . . .

(3)     Before investing in any manner (other than in a manner mentioned in Part I of Schedule 1 to the Trustee Investments Act 1961) the trustees must obtain

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