New Mandatory Trustee Training Regime

Posted: Monday, May 31st 2010

Did you know that The Pensions Board has introduced a new mandatory Trustee Training Regime which came into effect from 1st February 2010?

With effect from 1st February 2010 The Pensions Board has introduced a requirement on employers to arrange trustee training for each individual trustee within six months of their appointment and at least every two years thereafter. Trustee training is considered important for pension scheme governance as it assists trustees to develop the skill-set necessary to perform their duties and functions effectively.

Where a Company acts as Trustee of a pension scheme all Directors both Executive and Non-Executive of the Company will also be required to undergo trustee training. This is the most significant change introduce by these new regulations.

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COMMENTS

David Higgins | May 31st, 2010

Thanks. I was not aware that this was introduced in February.

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