Reg. 7(3) inserted (1.4.2015) by The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 5

Word in reg. 9(1)(b) inserted (1.4.2015) by The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 6

See section 37 of the Act for the meaning of “employer”.

See section 5(5) of the Act for the meaning of “conflict of interest”.

http://www.legislation.gov.uk/uksi/2014/512/part/2The Teachers' Pension Scheme Regulations 2014texttext/xmlenStatute Law DatabasePUBLIC SERVICE PENSIONS, ENGLAND AND WALESEDUCATION, ENGLAND AND WALES2024-05-16Expert Participation2024-04-06These Regulations establish a career average re-valued earnings scheme for the payment of pensions and other benefits to and in respect of teachers in England and Wales.PART 2GovernanceScheme manager7.(1)

The Secretary of State is the scheme manager for this scheme and any connected scheme.

(2)

The scheme manager is responsible for managing this scheme and any connected scheme.

(3)

The responsible authority may delegate any functions of the scheme manager under these Regulations, including this power to delegate.

Establishment of pension board8.(1)

A pension board (“the Teachers' Pension Scheme Pension Board”) is established.

(2)

The Teachers' Pension Scheme Pension Board is responsible for assisting the scheme manager in relation to securing compliance with—

(a)

these Regulations;

(b)

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

(c)

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

(3)

The scheme manager is to determine the process by which the Teachers' Pension Scheme Pension Board discharges its functions.

Membership of pension board9.(1)

Subject to paragraph 2, the scheme manager may determine—

(a)

the membership of the Teachers' Pension Scheme Pension Board;

(b)

the manner in which the Teachers' Pension Scheme Pension Board members may be appointed and removed; and

(c)

the terms of appointment of the Teachers' Pension Scheme Pension Board members.

(2)

The Teachers' Pension Scheme Pension Board is to include equal numbers representing the employers and members.

Conflict of interest10.(1)

The scheme manager must be satisfied that any person to be appointed as a member of the Teachers' Pension Scheme Pension Board does not have a conflict of interest .

(2)

The scheme manager must be satisfied from time to time that none of the members of the Teachers' Pension Scheme Pension Board has a conflict of interest.

(3)

A person who is to be appointed as a member of the Teachers' Pension Scheme Pension Board must provide the scheme manager with such information as the scheme manager reasonably requires for the purposes of paragraph (1).

(4)

A person who is a member of the Teachers' Pension Scheme Pension Board must provide the scheme manager with such information as the scheme manager reasonably requires for the purposes of paragraph (2).

Establishment of scheme advisory board11.(1)

A scheme advisory board (“the Teachers' Pension Scheme Advisory Board”) is established.

(2)

The Teachers' Pension Scheme Advisory Board is responsible for providing advice to the scheme manager, at the scheme manager's request, on the desirability of changes to this scheme.

(3)

The scheme manager is to determine the process by which the Teachers' Pension Scheme Advisory Board discharges its functions.

Membership of scheme advisory board12.

The scheme manager may determine—

(a)

the membership of the Teachers' Pension Scheme Advisory Board;

(b)

the manner in which the Teachers' Pension Scheme Advisory Board members may be appointed and removed; and

(c)

the terms of appointment of the members of the Teachers' Pension Scheme Advisory Board.

Conflict of interest13.(1)

The scheme manager must be satisfied that any person to be appointed as a member of the Teachers' Pension Scheme Advisory Board does not have a conflict of interest.

(2)

The scheme manager must be satisfied from time to time that none of the members of the Teachers' Pension Scheme Advisory Board has a conflict of interest.

(3)

A person who is to be appointed as a member of the Teachers' Pension Scheme Advisory Board must provide the scheme manager with such information as the scheme manager reasonably requires for the purposes of paragraph (1).

(4)

A person who is a member of the Teachers' Pension Scheme Advisory Board must provide the scheme manager with such information as the scheme manager reasonably requires for the purposes of paragraph (2).

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<p>The scheme manager is responsible for managing this scheme and any connected scheme.</p>
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(3)
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<p>A pension board (“the Teachers' Pension Scheme Pension Board”) is established.</p>
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<paragraph eId="regulation-8-2">
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<p>any other legislation relating to the governance and administration of this scheme and any connected scheme; and</p>
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<p>the membership of the Teachers' Pension Scheme Pension Board;</p>
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the manner in
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the Teachers' Pension Scheme Pension Board members may be appointed and removed; and
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<p>the terms of appointment of the Teachers' Pension Scheme Pension Board members.</p>
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The Teachers' Pension Scheme Pension Board is to include equal numbers representing the employers
<noteRef href="#c22421051" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
and members.
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<content>
<p>
The scheme manager must be satisfied that any person to be appointed as a member of the Teachers' Pension Scheme Pension Board does not have a conflict of interest
<noteRef href="#c22421061" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
.
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<p>The scheme manager must be satisfied from time to time that none of the members of the Teachers' Pension Scheme Pension Board has a conflict of interest.</p>
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<content>
<p>A person who is to be appointed as a member of the Teachers' Pension Scheme Pension Board must provide the scheme manager with such information as the scheme manager reasonably requires for the purposes of paragraph (1).</p>
</content>
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<paragraph eId="regulation-10-4">
<num>(4)</num>
<content>
<p>A person who is a member of the Teachers' Pension Scheme Pension Board must provide the scheme manager with such information as the scheme manager reasonably requires for the purposes of paragraph (2).</p>
</content>
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<num>11.</num>
<paragraph eId="regulation-11-1">
<num>(1)</num>
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<p>A scheme advisory board (“the Teachers' Pension Scheme Advisory Board”) is established.</p>
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<p>The Teachers' Pension Scheme Advisory Board is responsible for providing advice to the scheme manager, at the scheme manager's request, on the desirability of changes to this scheme.</p>
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<p>The scheme manager is to determine the process by which the Teachers' Pension Scheme Advisory Board discharges its functions.</p>
</content>
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<num>12.</num>
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<num>(a)</num>
<content>
<p>the membership of the Teachers' Pension Scheme Advisory Board;</p>
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<num>(b)</num>
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<p>the manner in which the Teachers' Pension Scheme Advisory Board members may be appointed and removed; and</p>
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</content>
</level>
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<num>13.</num>
<paragraph eId="regulation-13-1">
<num>(1)</num>
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<p>The scheme manager must be satisfied that any person to be appointed as a member of the Teachers' Pension Scheme Advisory Board does not have a conflict of interest.</p>
</content>
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<p>The scheme manager must be satisfied from time to time that none of the members of the Teachers' Pension Scheme Advisory Board has a conflict of interest.</p>
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<p>A person who is to be appointed as a member of the Teachers' Pension Scheme Advisory Board must provide the scheme manager with such information as the scheme manager reasonably requires for the purposes of paragraph (1).</p>
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