On the basis of legal relationship, this part points out the particularity of occupational pension fund investment, emphasizing the special problem between client and fiduciary, the fiduciary and investing manager.

• 其中值得注意的是,企业年金基金的受托管理关系是本文基于年金的特殊性而给出的界定,虽然很多学者把委托人与受托人之间的关系直接界定为信托,但是本文考虑到年金基金发展的特殊要求,将二者之间的关系特殊化为受托管理关系。