The Pensions Regulator

Code of practice 08
MNT/MND - putting arrangements in place

.

.

.

After nominations

Fewer nominations than vacancies

62. The trustees should set out in the arrangements what steps will be taken if the number of nominations is fewer than the number of vacancies. Trustees may decide that:
    • the nominees are deemed to be selected⁴⁰; or
    • they will still run a selection process.
63. When deciding the trustees should particularly bear in mind the principle of proportionality in respect of the cost for the scheme of running the selection process as well as the principles of fairness and transparency.

Re-running the nomination and selection process

64. Where there are unfilled vacancies after the nomination process, then this process and any selection process must be re-run at reasonable intervals⁴¹. Trustees should consider this interval when they are designing the arrangements.
65. The regulator considers that a reasonable interval for re-running the nomination process and any selection process would be no more than three years from the end of an unsuccessful nomination process. However, if a significant change occurs to the scheme membership (for example, a bulk transfer in of new members), trustees should consider an earlier re-running of the nomination and selection processes.
66. Trustees may consider including deferred members when re-running the processes if they were not included when they were first run.

.

.

.