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Pensions Act, 1990

Selection by members of funded schemes of persons for appointment as trustees.

62.—(1) The Minister shall provide by regulations, in respect of schemes having not less than a specified number of members, that the members of any such scheme may, if a majority of the members decide to do so, select or, at the option of such majority, approve of the selection by the employer concerned of, a person or a specified number of persons who shall be appointed to be trustees of the scheme and different numbers of persons (including one person) may be so specified for different schemes.

(2) Regulations under this section—

(a) shall specify the manner in which decisions of members of schemes, and the selection of persons for appointment as trustees of schemes by the members of schemes, for the purpose of subsection (1) shall be made,

(b) may make such other provision as the Minister considers necessary or expedient for the purpose of this section and for enabling it to have full effect.