Part 2The Board of the Pension Protection Fund

Chapter 1The Board

General provision about functions

110Board’s functions

1

The Board must hold, manage and apply, in accordance with this Part and any provision in force in Northern Ireland corresponding to it—

a

a fund to be known as the Pension Protection Fund, and

b

a fund to be known as the Fraud Compensation Fund.

2

Sections 175 and 189 make provision for contributions to those funds to be levied by the Board.

3

The Board also has such other functions as are conferred on it by, or by virtue of, this or any other enactment.

111Supplementary powers

The Board may do anything which—

a

is calculated to facilitate the exercise of its functions, or

b

is incidental or conducive to their exercise.