The Pensions Regulator

Code of practice 09
Internal controls

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To whom does this code apply?

10. This code should be read and acted upon by trustees, both individual and corporate, and managers of occupational pension schemes.
11. The regulator also recommends the code to a wider readership including:
12. 1. scheme advisers (including professional advisers);
    2. participating employers;
    3. service providers such as fund managers, custodians and administrators; and
    4. others involved with the management and administration of occupational pension schemes.
13. This code is applicable to all occupational pension schemes, except those detailed below, regardless of size, structure or circumstance. Adequate internal controls are equally important whether a scheme is newly established, mature, closed or in wind-up.

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