Introductory TextPreliminary1.Citation, commencement and application2.General definitions3.Definition of “investment”Management of pension fund4.Management of pension fund5.Power to borrow6.Separate bank accountInvestment managers7.Definition of “investment manager”8.Choice of investment managers9.Terms of appointment of investment managers10.Review of investment manager’s performanceInvestment and use of fund money11.Investment policy and investment of pension fund money12.Statement of investment principles13.Investments under section 11(1) of the Trustee Investments Act 196114.Restrictions on investments15.Requirements for increased limits16.Use of fund money by an administering authoritySupplementary17.RevocationsSignatureSCHEDULE 1TABLE OF LIMITS ON INVESTMENTSSCHEDULE 2REVOCATIONSExplanatory Note