Trustee Training

Under the terms of the Pensions Act 2004 trustees are expected to:

§     be conversant with the documents governing their pension scheme

§     have a knowledge and understanding of the laws relating to pension schemes and trusts

§     understand the principles behind funding and investment

This requirement has been given the title ‘Trustee Knowledge and Understanding” or “TKU”. Trustees have until 6th October 2006 to meet the Pension Regulator’s TKU standards.

Alexander Forbes Trustee Services has developed a TKU self assessment test, which is a free service designed to identify gaps in trustees’ knowledge and understanding  and to enable trustee training programmes to be tailored to meet trustees’ specific needs. Trustees complete a questionnaire which interrogates their knowledge and understanding of the key features of pension law and management, as required by The Pension Regulator. We will analyse the results and provide a complete ‘TKU Healthcheck’ to trustees identifying any gaps in their knowledge and understanding.

Alexander Forbes Trustee Services has the skills and experience to help trustees to meet the TKU requirement, offering standard trustee training sessions or bespoke, modular trustee training addressing the gaps that are identified in the TKU Healthcheck.

Please click here to download a copy of the TKU Healthcheck questionnaire; or contact us and we will send you as many copies as you need.