SCHEDULE 4SYSTEMS AND PROCESSES REQUIREMENTS

Investments

10.  Whether there are systems and processes—

(a)for investing contributions in a timely manner in accordance with members’ instructions or, in the absence of instructions, with the scheme’s default investment policy;

(b)for recording investment decisions and the associated instructions from members, or confirmation that a decision has been made without instructions;

(c)for managing the scheme’s interaction with investment managers, and recording key decisions;

(d)for recording, managing and reviewing the risks associated with investment decisions;

(e)for informing trustees about questions, decisions and risks relating to investments;

(f)for ensuring that members receive timely and appropriate investment information and prompt replies to their enquiries and correspondence.