Trustees of occupational pension schemes now have a statutory
duty to ensure that they have an adequate knowledge and
understanding of the legal issues relevant to their scheme.
They must also ensure that they are up to date with relevant
changes in the law, which given the volume of pensions legislation
and regulation and other demands on their time, can be
difficult.
With this in mind, our regular "TKU" is aimed
specifically at pension scheme trustees and letting them know what
has changed in the last quarter and how it might be relevant to
them. It highlights key issues without getting bogged down in the
detail.
The latest edition of TKU can be read here.
In addition, should the level of trustees' knowledge and
understanding of legal issues ever be challenged, it is useful for
trustees to be able to show what steps they have taken to keep
themselves informed of developments. One way of doing this would be
to attach TKU to the agenda for quarterly trustees'
