Code of Ethics & Business Practices for Operators
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Code of Ethics & Business Practices for Operators

Code of Ethics & Business Practices for Operators

The Code of Ethics and Business Practices for Licensed Pension Operators is divided into seven sections. Section one is the introduction while section two addresses the issue of integrity, setting standards for personal integrity and commitment, accuracy of records and reporting. Section three addresses issues of ethics in competition such as respect for competitors, confidentiality of information, marketing, advertisements, gifts and inducements. Sections four and five, respectively, deal with issues of relationship between stakeholders and conflict of interest. Section six highlights the importance of compliance with the Code, while Section seven sets out broad guidelines for the enforcement of the Code. The requirements of this Code are consistent with the provisions of the Pension Reform Act, 2004 and are also considered enforceable within the industry.

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