SCHEDULE 5Systems and processes requirement

Investments

12

Whether there are systems and processes—

a

for investing contributions in a timely manner in accordance with the scheme’s investment policy;

b

for recording investment decisions;

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; and

e

for informing trustees about questions, decisions and risks relating to investments.