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Pension Board Roles and Responsibilities

The role of a pension board member is to assist the scheme administrator ensure that the scheme complies with legislation relating to its governance and administration, its own rules and any requirements of The Pension Regulator.

The law requires board members to have knowledge and understanding of relevant pensions law, and to have a working knowledge of scheme regulations and relevant documentation.

Board members must provide the scheme manager with any information required so that they can be satisfied that no conflict of interest exists. Members who become aware of a potential conflict of interest must bring this to SPPA's attention. Anyone with a conflict of interest may not be appointed to a pension board and may be required to resign if they are already a member of a board.

Link to Scottish Government Website