47 Professional advisers
Pensions Act 1995 (1995 c 26) | Legislation

Advisers

47  Professional advisers

(1)     For every occupational pension scheme there shall be—

(a)     an individual, or a firm, appointed by the trustees or managers as auditor (referred to in this Part, in relation to the scheme, as “the auditor”), and

(b)     an individual appointed by the trustees or managers as actuary (referred to in this Part, in relation to the scheme, as “the actuary”).

(2)     For every occupational pension scheme the assets of which consist of or include investments . . . there shall be an individual or a firm appointed by or on behalf of the trustees or managers as fund manager.

[(2A)     References in this section to investments must be read with—

(a)     section 22 of the Financial Services and Markets Act 2000;

(b)     any relevant order under that section; and

(c)     Schedule 2 to that Act.]

(3)

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