SCHEDULES

SCHEDULE 1The Pensions Regulator

Part 3Members of the Determinations Panel

Terms of appointment and tenure of members of the Panel

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1

The members of the Determinations Panel are to be appointed on such terms and conditions as are determined by the Regulator with the approval of the Secretary of State.

2

Subject to sub-paragraph (3) such a member—

a

is to hold and vacate office in accordance with the terms and conditions of his appointment, and

b

may resign or be removed from office in accordance with those terms and conditions.

3

A person must cease to be a member of the Panel where—

a

in the case of the chairman, he ceases to hold that office, or

b

in the case of any member, he becomes a member of the Regulator or a member of the staff of the Regulator.