The Administrative Committee has the full responsibility to manage and administer the Fund. The Administrative Committee
is comprised of five (5) members:
- 3 are representatives of the Principal Employer (Aon), and
- 2 are representatives of the members of the Fund.
All members of the Administrative Committee have to meet the fit and proper requirements required by the Fund deed and
The Administrative Committee issues internal regulations which clearly define all management and administration processes of
the Fund. The regulations are based on the following principles:
The Fund identifies and evaluates all risks that may affect the achievement of its objectives.
Processes are set by taking into account all events likely enough to happen that a reasonably
prudent person would consider.
All management and administration processes of the Fund are written and accessible to the Members of the Fund.
The processes are set to eliminate any discrimination in the treatment of Members that would lead to the
benefit of some Members of the Fund at the expense of others.
The processes of the Fund are designed to be as simple and efficient as possible without jeopardising
the achievement of its objectives.
A Participation Agreement must be executed by a Participating Employer and the Administrative Committee
admitting a new Participating Employer to the Fund.
The Participating Employer's responsibility is limited
to the drafting of the Participation Agreement, i.e. to the definition of the eligibility criteria and
contribution schedule applicable for his employees.