AMaking certain the scheme's funds are prudently invested and protected
BAuthorising rates of corporate taxation
CCreating and selling government debt securities
DRunning day-to-day consumer banking operations
EUpholding and enforcing privacy and data protection legislation
✓ Correct answer: A. Making certain the scheme's funds are prudently invested and protectedTrustees must ensure pension scheme assets are invested carefully and protected so the scheme can meet its future obligations to members.
Why the other options are incorrect:
• Authorising rates of corporate taxation: Corporate tax rates are set by HM Treasury, not pension trustees.
• Creating and selling government debt securities: Government debt securities are issued by the UK Debt Management Office, not trustees.
• Running day-to-day consumer banking operations: Consumer banking operations fall outside the remit of pension scheme trustees.
• Upholding and enforcing privacy and data protection legislation: Data protection legislation is enforced by the ICO under GDPR, not by trustees.
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