The Occupational Pensions Board
2Constitution and functions of the Board
(1)There shall continue to be a body corporate by the name of the Occupational Pensions Board (in this Act referred to as “the Board”).
(2)The Board shall have—
(a)the functions conferred on them by this Act (or any corresponding provisions in force in Northern Ireland); and
(b)such advisory or other functions as may be conferred on them by the Secretary of State in respect of occupational pension schemes (including public service pension schemes).
3Membership of the Board
(1)The Board shall consist of—
(a)a chairman,
(b)a deputy chairman, and
(c)not less than 8 nor more than 12 other members,
all of whom shall be appointed by the Secretary of State.
(2)Of the members other than the chairman and deputy chairman—
(a)one shall be appointed after consultation with organisations representative of employers, and
(b)one shall be appointed after consultation with organisations representative of employed earners,
being in either case such organisations as the Secretary of State thinks it appropriate to consult.
4Reports of the Board
(1)The Secretary of State may from time to time direct the Board to make a report to him on the exercise of their functions.
(2)It shall be the duty of the Board to comply with any such direction as soon as is practicable.
(3)The Secretary of State shall lay before each House of Parliament a copy of any report made to him in response to a direction under subsection (1).
5Further provisions as to constitution and procedure of the Board
Schedule 1 shall have effect for the purpose of making further provision with respect to the Board.