[249A Requirement for [an effective system of governance]]
Pensions Act 2004 (2004 c 35) | Legislation

[249A  Requirement for [an effective system of governance]]

[[(1)     The trustees or managers of an occupational pension scheme must establish and operate an effective system of governance including internal controls.

(1A)     The system of governance must be proportionate to the size, nature, scale and complexity of the activities of the occupational pension scheme.]

(2)     Nothing in this section affects any other obligation of the trustees or managers of an occupational pension scheme to establish or operate [an effective system of governance including internal controls], whether imposed by or by virtue of any enactment, the scheme rules or otherwise.

(3)     This section does not apply in relation to—

[(za)     a public service pension scheme;]

(a)

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