Claire McGruer

Revised Trustee Knowledge and Understanding (TKU) Code of Practice

Posted on 14th August 2009 by

After the end of a 12 week consultation period, The Pensions Regulator (tPR) will be issuing its revised TKU Code of Practice No.7 along with its scope guidance later this year. The main change is that tPR now recognises the unique requirements of small DC schemes (12 to 99 members) and has slimmed down the guidance for this particular group which will no doubt be welcomed by many trustees of these Schemes. For all other occupational schemes, the requirements for TKU remains the same for Trustees, with some additional emphasis being put on wind up, buy-ins and buy-outs, administration, employer covenant and Personal Accounts. Plenty for Trustees to be thinking about !

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About the author

Claire McGruer

Claire McGruer

Claire is a very experienced pension consultant having previously worked for a number of international benefit consultancies. Claire has wide ranging experience providing technical support and advice to a number of both corporate and trustee clients.

We are making donations in 2011 to two charities, Marie Curie Cancer Care who provide end of life care to terminally ill patients, and Children 1st, who are one of Scotland's leading child welfare charities.

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