Regulator offers guidance on how to arrange MNTs

The guidance has been timed to accompany the code of practice on MNTs which was laid before Parliament in July, and it sets out: Which requirements apply to certain schemes The commencement date for these requirements And transitional arrangements for schemes which already have MNTs under the Pensions Act 1995 Under the Pensions Act 2004 trustees are required to make sure arrangements are in place for at least one-third of trustees or at least one-third of directors of the trustee company to be member-nominated. The arrangements must include a nomination process, a selection pro...