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The Under the Retirement Benefits Authority Regulations, Pension Schemes are required to have the following structure:  The safety of a Pension Scheme is enhanced by its structure. The Trustees of a pension plan play a key role of safeguarding the interests of the pension members at all times. They are required to appoint an independent professional company known as the Fund Manager to invest the scheme funds and an independent bank known as the Custodian to look after the pension assets such as cash and other investments . In addition, the Administrator is appointed to maintain accurate records of all contributions made by the members and all funds paid to members. This separation of roles ensures good governance, transparency and accountability for the decisions made on behalf of the members.
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