Consultancy firm Towers Perrin is launching a new fast-track trustee training programme to help companies comply with the new regulations for Trustee Knowledge and Understanding.
The Pensions Act 2004 introduced a requirement for at least one-third of trustees to be member-nominated (MNTs), and it calls for trustees to have knowledge and understanding of the law relating to pensions and trusts and the principles relating to the funding of occupational schemes and the investment of scheme assets.
In addition, the new rules, overseen by the Pensions Regulator, asks for trustees to have a working knowledge of its own scheme’s policy documents so they can use them effectively when carrying out their duties as a trustee.
As a result, Towers Perrin has decided to launch a course designed especially for trustees with no prior knowledge or experience of pensions, to help trustees face the challenges of the new regulatory environment.
The one-day intensive courses will cover the legal framework of pension trusts and the regulatory background; trustees' duties and responsibilities; pension scheme funding; scheme governance - the relationship between trustees, employers and members; setting an investment strategy and managing and monitoring investment performance, and current pension issues.
Each course will be held at the Towers Perrin London office in High Holborn, and will be presented by practicing Towers Perrin consultants and solicitors from Hammonds, on the following dates:
Thursday 22 March,
Tuesday 12 June,
Tuesday 18 September
Tuesday 4 December
Those interested in the course should contact Towers Perrin for further details on 020 7170 3265, or email Caroline Perkins.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
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