TRUSTEE TRAINING

The combination of a well informed trustee board, supported by a professional trustee, meets the very highest standards demanded by the government and regulators.

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

Trustees must also develop negotiation skills in order to deal with their key relationships with the employer, the trade unions or other employee representative bodies, and with their professional advisers. This requirement has been given the title “Trustee Knowledge and Understanding” or “TKU”. New trustees have 6 months from appointment to meet the Pension Regulator’s TKU standards.

Alexander Forbes Trustee Services has the skills and experience to help trustees to comply with the TKU requirement; to assess their knowledge and understanding, and to offer group trustee training sessions or bespoke scheme training, addressing knowledge gaps.