Regulation 5 Local pension boards: establishmentI1

England and Wales

(1)

Each scheme manager must 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 to the provision of benefits under this scheme;

(iii)

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

(b)

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

(2)

A scheme manager may determine the procedures applicable to a local pension board, including as to voting rights, the establishment of sub-committees and payment of expenses.

(3)

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

Annotations

Commencement

I1: Reg. 5 in force at 1.4.2015, see reg. 1(2)