11.1 The Trustees shall, without prejudice to the generality of Clause 8, appoint an actuary to the Scheme who shall be a Fellow of the Institute of Actuaries and/or the Faculty of Actuaries. Any such appointment shall be on such terms as to remuneration and otherwise as shall be agreed between the Trustees and such Actuary subject always to the provisions of section 47 of the Pensions Act 1995.