The Financial Services Act 1986 (Occupational Pension Schemes) Order 1988
This Order directs that no trustee of an occupational pension scheme of a kind described in article 3 of the Order is to be treated as carrying on investment business by virtue of section 191 of the Financial Services Act if either he is a beneficiary or potential beneficiary under the scheme in question or he takes no day to day decisions relating to the management of assets of the scheme which are investments.