An auditor and actuary must be appointed for every occupational pension scheme1; and where the assets of such a scheme consist of or include investments2 there must be an individual or a firm appointed by or on behalf of the trustees or managers3 as fund manager4. If in the case of an occupational pension scheme any person:
(1) is appointed otherwise than by the trustees or managers as legal adviser or to exercise any prescribed functions5 in relation to the scheme; or
(2) is appointed otherwise than by or on behalf of the trustees or managers as a fund
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