The Pensions Regulator

Member-nominated trustees and member-nominated directors

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Relevant centralised scheme

This is a multi-employer occupational pension scheme where membership is open to the employees of more than one employer and at least two of the employers are not associated or connected, and either:

• the power to appoint or remove all of the trustees is not solely with one employer under the rules of the scheme; or
• at least one-third of the trustees:
  • have no legal or beneficial interest in the assets of any of the employers of the scheme nor are associated or connected with any of the employers; and
  • have been selected by some or all of the scheme members or an organisation which represents some or all of the scheme members. Some or all of the members involved in the selection must not be directors of any of the employers of the scheme.

'Employer' or 'employers' in this instance does not include a company or companies acting as a trustee of, or only providing administrative services to, the scheme.

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