Regulation 4A Local pension boards: establishmentF1

United Kingdom

(1)

Each scheme manager must no later than 1st April 2015 establish a pension board (“a local pension board”) responsible for assisting it—

(a)

to secure compliance with—

(i)

these Regulations,

(ii)

any other legislation relating to the governance and administration of this scheme and any connected scheme, and

(iii)

any requirements imposed by the Pensions Regulator in relation to this scheme and any connected scheme; and

(b)

to ensure the effective and efficient governance and administration of this scheme and any connected scheme.

(2)

Where the administration and management of this scheme is wholly or mainly shared by two or more scheme managers, those scheme managers may establish a joint local pension board if approval in writing has been obtained from the Secretary of State.

(3)

Approval under paragraph (2) may be given subject to such conditions as the Secretary of State thinks fit and may be withdrawn if any conditions are not met or if in the opinion of the Secretary of State it is no longer appropriate for the approval to continue.

(4)

Subject to paragraph (5), a scheme manager may determine the procedures applicable to a local pension board, including as to the establishment of sub-committees, formation of joint committees and payment of expenses.

(5)

No member of a local pension board shall have a right to vote on any question unless that member is an employer representative or a member representative.

(6)

A local pension board shall have the power to do anything which is calculated to facilitate, or is conducive or incidental to, the discharge of any of its functions.

Annotations

Textual amendments

F1: Regs. 4A-4H inserted (1.4.2015) by The Firefighters’ Pension Scheme (Amendment) (Governance) Regulations 2015 (S.I. 2015/465), regs. 1(3), 4