Paragraph 1 Composition of the pension board

(1)

The composition of the Pension Board (the Board) is to be determined from time to time by the scheme manager—

(a)

having regard to the nature of the matters on which the Board may be required to assist;

(b)

having regard to the desirability of securing the effective and efficient governance and administration of—

(i)

this scheme, and

(ii)

any statutory pension scheme that is connected with it; and

(c)

must include employer representatives and member representatives (see section 5(6) of the 2013 Act) in equal numbers.

(2)

The members of the Board are to be appointed by the scheme manager.

(3)

The scheme manager cannot appoint a person to be a member of the Board unless satisfied that the person does not have a conflict of interest.