Pensions Act 2007

Tenure of office of non-executive members

3 (1) The chairman and each other non-executive member holds and vacates office in accordance with the terms of his appointment (subject to this Schedule).

(2) A person’s appointment as the chairman or other non-executive member must state the period for which the appointment is made.

(3) A person is eligible for re-appointment at the end of any such period.

(4) The chairman and each other non-executive member may resign by notice in writing to the Secretary of State.

(5) If the Secretary of State is satisfied that the chairman or another non-executive member—

(a) has at any time had a bankruptcy order made against him or had his estate sequestrated,

(b) has at any time made a composition or arrangement with, or granted a trust deed for, his creditors,

(c) has a conflict of interest,

(d) is unfit for office by reason of misconduct,

(e) has failed to comply with the terms of his appointment,

(f) has without reasonable excuse failed to discharge the functions of his office, or

(g) is otherwise incapable of discharging, or unfit or unwilling to discharge, the functions of his office,

the Secretary of State may by notice in writing remove him from office.