ARTICLE · 28 FEBRUARY 2024

Cracking The Code – Designing A Diverse Member Nominated Trustee Arrangement

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A welcome addition to the Pensions Regulator's General Code, published on 10 January 2024, is the introduction of high-level diversity and inclusion expectations for trustee boards...

United KingdomEmployment and HR

With the Pensions Regulator's General Code now including diversity and inclusion expectations, our experts guide you through how you can recruit valuable members to your trustee board.

A welcome addition to the Pensions Regulator's General Code, published on 10 January 2024, is the introduction of high-level diversity and inclusion expectations for trustee boards, having already published detailed practical guidance in March 2023.

The General Code states that schemes should conduct regular reviews of the trustee board to ensure there is a "diverse spread of members with varied technical skills and experiences" and that it's good practice for Member Nominated Trustee (MNT) arrangements to be designed to support applicants "representing the diversity of the scheme's population".

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