The Occupational Pension Schemes (Master Trusts) Regulations 2018

This section has no associated Explanatory Memorandum

6.  Whether there are systems and processes—E+W+S

(a)for ensuring that trustees and the scheme strategist are properly informed about service providers, and appropriately involved in decisions about them;

(b)for establishing and recording that service providers are, and remain, fit and proper;

(c)for informing the trustees about the appointment, removal, roles and responsibilities of service providers;

(d)for informing the trustees of—

(i)any failure by service providers to deliver services;

(ii)any actions or omissions by service providers which may prejudice—

(aa)the effective running of the scheme, or

(bb)the ability to meet the objectives set out in the scheme’s business plan;

(e)for recording, maintaining and managing all documents relating to service providers in an accessible, intelligible and durable medium.

Commencement Information

I1Sch. 4 para. 6 in force at 1.10.2018, see reg. 1(2)