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You are in Strategy and Governance » Investment policy
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100% of the Schemes assets are invested through external managers. The alignment of interests between the manager and the Scheme are considered on appointment and the investment managers policies on conflicts of interest are regularly monitored to ensure they are both appropriate and effective.
As part of the Scheme's own internal governance a conflict of interest policy exists such that a Trustee with a personal or business interest in any agenda item is expected to declare a conflict of interest immediately before a Board meeting starts. Any such declaration is recorded and the other Trustees present decide whether it is appropriate for him or her to participate in discussion of/or vote on, the item(s) in question. The Trustees have agreed a Conflicts of Interest policy that allows a Trustee to stand down from a Board meeting.
This policy is made public in the governance booklet found on the scheme website see http://downloads.bbc.co.uk/mypension/en/governance_booklet.pdf