This paper attempts to set out some of the points of detail in the administration of a privately administered pension fund based on the practical experience of a large fund. The solutions offered to the problems arising have necessarily been reached in the context of a particular fund and do not claim to be the only, or even the best, answers for other funds; indeed the very problems may be different in other funds, particularly in smaller ones.

It seems essential, therefore, to describe the main features of the fund in question.