6. Conflicts of interest
The Trustee maintains a separate conflicts of interest policy and register. Subject to reasonable levels of materiality, these documents record any actual or potential conflicts of interest in relation to investee companies or the investment managers, while also setting out a process for their management. The Scheme’s investment consultant is independent and no arm of their business provides asset management services. This, and their FCA-regulated status, makes the Trustee confident that the investment manager recommendations they make are free from conflict of interest.
The Trustee expects all investment managers to have a conflict of interest policy in relation to their engagement and ongoing operations.
The Trustee therefore believes it has managed the potential for conflicts of interest in the appointment of the investment managers and conflicts of interest between the Trustee, investment managers and the investee companies.
UTC (UK) Pension Scheme | Statement of Investment Principles | 22 August 2023
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