From The Pensions Regulator:
The Pensions Regulator has refreshed the trustee knowledge and understanding framework to ensure it remains relevant, and is today publishing a draft revised code of practice and scope guidance for consultation.
The revised code of practice sets out practical guidance for trustees in relation to the TKU regime, while the scope guidance provides trustees with a checklist of the topic areas of which they need to have knowledge and understanding. Both documents support those seeking to meet trustee knowledge and understanding requirements, introduced by the Pensions Act 2004.
The consultation follows a review of the existing code of practice and scope guidance, undertaken to ensure that the TKU framework remains relevant for trustees. Changes reflect:
Regulated community learning manager Terry Clayworth said: “The refreshed code and scope guidance reflect change…