OpenLegislation

Paragraph 7.2

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The Trustees shall establish and maintain an Investment Policy Committee to which they may, subject to Clauses 7.3 to 7.5, delegate any of their investment powers in accordance with the Pensions Act 1995. The Investment Policy Committee shall be composed of all of the Trustees who are members of any Section Strategic Asset Allocation Committees established pursuant to Clause 7.3 below. If the membership of the Investment Policy Committee does not already include the chairman of the Trustees nominated under Clause 6.1, he may be appointed by the Trustees as an additional member of such committee.