The scheme manager must be satisfied that any person (to be) appointed to the Pension Board does not have a conflict of interest, which, where it relates to a person, is defined as: 'A financial or other interest which is likely to prejudice the person's exercise of functions as a member of the [Pension Board] (but does not include a financial or other interest arising merely by virtue of membership of the scheme or any connected scheme).' It is the responsibility of (proposed) Pension Board appointees to provide the scheme manager with information that is reasonably required to confirm that there are no conflicts of interest.
NICS Pension Board Conflicts of Interest Policy