From The Pensions Regulator:
Following a 12-week consultation on the draft revised trustee knowledge and understanding (TKU) code of practice and scope guidance, the Pensions Regulator has found widespread support of the TKU regime.
Despite some early concern about our increasing expectations of trustees, most respondents recognised that the requirements have not changed substantially and, as such, the revised code and scope have not substantially changed either.
A lot of feedback was also given about the Trustee toolkit. Some respondents commented that the toolkit should be complemented by scheme specific training given by an appropriate adviser or industry trainer. This is consistent with our view that different requirements will be appropriate for trustees of different types of schemes. Our view is that scheme specific learning would be of greater value if it were pitched at an audience who were at…