http://www.legislation.gov.uk/uksi/2014/512/part/2/madeThe Teachers’ Pension Scheme Regulations 2014enKing's Printer of Acts of Parliament2016-12-14PUBLIC SERVICE PENSIONS, ENGLAND AND WALESEDUCATION, ENGLAND AND WALES These 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 2Governance Scheme manager 7 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. Establishment of pension board 8 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 board 9 1 Subject to paragraph 2, the scheme manager may determine— a the membership of the Teachers’ Pension Scheme Pension Board; b the manner in 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 interest 10 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 board 11 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 board 12 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 interest 13 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). 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”.
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<dc:title>The Teachers’ Pension Scheme Regulations 2014</dc:title>
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<dc:publisher>King's Printer of Acts of Parliament</dc:publisher>
<dc:modified>2016-12-14</dc:modified>
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<dc:description>These 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.</dc:description>
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<Title id="p00678">Governance</Title>
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<Title>Scheme manager</Title>
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<Title>Establishment of pension board</Title>
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<Text>A pension board (“the Teachers’ Pension Scheme Pension Board”) is established.</Text>
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<Text>The Teachers’ Pension Scheme Pension Board is responsible for assisting the scheme manager in relation to securing compliance with—</Text>
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<Text>these Regulations;</Text>
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<Pnumber>b</Pnumber>
<P3para>
<Text>any other legislation relating to the governance and administration of this scheme and any connected scheme; and</Text>
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<Pnumber>c</Pnumber>
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<Text>requirements imposed by the Pensions Regulator in relation to this scheme and any connected scheme.</Text>
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<Text>The scheme manager is to determine the process by which the Teachers’ Pension Scheme Pension Board discharges its functions.</Text>
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<Title>Membership of pension board</Title>
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<Pnumber>9</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/9/1/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/9/1" id="regulation-9-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>Subject to paragraph 2, the scheme manager may determine—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/9/1/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/9/1/a" id="regulation-9-1-a">
<Pnumber>a</Pnumber>
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<Text>the membership of the Teachers’ Pension Scheme Pension Board;</Text>
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<Pnumber>b</Pnumber>
<P3para>
<Text>the manner in the Teachers’ Pension Scheme Pension Board members may be appointed and removed; and</Text>
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<Pnumber>c</Pnumber>
<P3para>
<Text>the terms of appointment of the Teachers’ Pension Scheme Pension Board members.</Text>
</P3para>
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<Pnumber>2</Pnumber>
<P2para>
<Text>
The Teachers’ Pension Scheme Pension Board is to include equal numbers representing the employers
<FootnoteRef Ref="f00027"/>
and members.
</Text>
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<P1group>
<Title>Conflict of interest</Title>
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<Pnumber>10</Pnumber>
<P1para>
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<Pnumber>1</Pnumber>
<P2para>
<Text>
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
<FootnoteRef Ref="f00028"/>
.
</Text>
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<Pnumber>2</Pnumber>
<P2para>
<Text>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.</Text>
</P2para>
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<Pnumber>3</Pnumber>
<P2para>
<Text>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).</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/10/4/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/10/4" id="regulation-10-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>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).</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group>
<Title>Establishment of scheme advisory board</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/11/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/11" id="regulation-11">
<Pnumber>11</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/11/1/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/11/1" id="regulation-11-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>A scheme advisory board (“the Teachers’ Pension Scheme Advisory Board”) is established.</Text>
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<Pnumber>2</Pnumber>
<P2para>
<Text>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.</Text>
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<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/11/3/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/11/3" id="regulation-11-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>The scheme manager is to determine the process by which the Teachers’ Pension Scheme Advisory Board discharges its functions.</Text>
</P2para>
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</P1para>
</P1>
</P1group>
<P1group>
<Title>Membership of scheme advisory board</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/12/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/12" id="regulation-12">
<Pnumber>12</Pnumber>
<P1para>
<Text>The scheme manager may determine—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/12/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/12/a" id="regulation-12-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the membership of the Teachers’ Pension Scheme Advisory Board;</Text>
</P3para>
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<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/12/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/12/b" id="regulation-12-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the manner in which the Teachers’ Pension Scheme Advisory Board members may be appointed and removed; and</Text>
</P3para>
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<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/12/c/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/12/c" id="regulation-12-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>the terms of appointment of the members of the Teachers’ Pension Scheme Advisory Board.</Text>
</P3para>
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<Title>Conflict of interest</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/13/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/13" id="regulation-13">
<Pnumber>13</Pnumber>
<P1para>
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<Pnumber>1</Pnumber>
<P2para>
<Text>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.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/13/2/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/13/2" id="regulation-13-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>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.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/13/3/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/13/3" id="regulation-13-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>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).</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2014/512/regulation/13/4/made" IdURI="http://www.legislation.gov.uk/id/uksi/2014/512/regulation/13/4" id="regulation-13-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>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).</Text>
</P2para>
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</P1para>
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</Secondary>
<Footnotes>
<Footnote id="f00027">
<FootnoteText>
<Para>
<Text>
See section 37 of
<Abbreviation Expansion="Public Service Pensions Act 2013 c. 25">the Act</Abbreviation>
for the meaning of “employer”.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00028">
<FootnoteText>
<Para>
<Text>See section 5(5) of the Act for the meaning of “conflict of interest”.</Text>
</Para>
</FootnoteText>
</Footnote>
</Footnotes>
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