Part 5Occupational and personal pension schemes: miscellaneous provisions
Obligations of trustees of occupational pension schemes
248AF1Requirement for knowledge and understanding: pension boards of public service pension schemes
1
This section applies to every individual who is a member of the pension board of a public service pension scheme.
2
An individual to whom this section applies must be conversant with—
a
the rules of the scheme, and
b
any document recording policy about the administration of the scheme which is for the time being adopted in relation to the scheme.
3
An individual to whom this section applies must have knowledge and understanding of—
a
the law relating to pensions, and
b
such other matters as may be prescribed.
4
The degree of knowledge and understanding required by subsection (3) is that appropriate for the purposes of enabling the individual properly to exercise the functions of a member of the pension board.