Governing body: detailed guidance
Skills and knowledge required by those running pension schemes and the structure, systems and controls they should have in place to manage risks and conflicts of interest, and provide value for members.
Conflicts of interest
Identifying, evaluating, managing and avoiding conflicts of interest among trustees and scheme advisers.
Equality, diversity and inclusion (EDI)
Why improving EDI is important for pension schemes and practical ways to improve EDI on the governing body.
Internal controls
Complying with the duty to establish and operate adequate internal controls to make sure the scheme is administered and managed according to scheme rules, legal requirements and the standards we expect.
Lump-sum death benefits
Whether lump sum death benefits can be provided from a scheme or whether to set up a separate scheme that only provides these benefits.
Member-nominated trustees and member-nominated directors
Making sure that arrangements are in place, and implemented, so that at least one-third of trustees, or at least one-third of directors of the trustee company, are member-nominated.
Relations with advisers
Key issues for trustees to consider when they are appointing and working with advisers to their scheme.
Scheme management skills for DC pensions
Make sure your trustee board has the right governance and the skills and knowledge to work well together, and with pension scheme advisers, so that good decisions are made and members’ interests are protected.
Trustee board for DC pension schemes
Make sure you have the right people on the trustee board and a strong chair of trustees so that your pension scheme can be well governed and members’ interests are protected.
Trustee guidance
Some of the wide-ranging responsibilities placed on pension scheme trustees and some of the powers they usually have.
Trustee knowledge and understanding
Requirements that trustees have knowledge and understanding of areas such as the law relating to pensions and trusts, the principles relating to funding pension schemes and the investment of scheme assets.
Value for DC scheme members
Legal obligations to assess value for members and understanding what elements contribute to the value that members get from a defined contribution pension scheme.
Trustee Toolkit online learning
Free online learning for trustees of pension schemes. You must log in or sign up to use the Trustee Toolkit.