PART 2Governance

Establishment of scheme advisory board10

1

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

2

The Scottish 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 Scottish Teachers’ Pension Scheme Advisory Board discharges its functions.