Revised Trustee Knowledge and Understanding (TKU) Code of Practice

Claire McGruer

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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 !

Claire McGruer

Post by 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.