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Trustee knowledge and understanding
Trustee knowledge and understanding
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Developing a qualification
Working with the industry, we have developed an indicative syllabus for a qualification in trustee knowledge and understanding based on the scope documents. The syllabus should give trustees a good idea of the depth of the knowledge required. We do not expect trustees to take on the mantle of experts – we want trustees to be able to understand, discuss and challenge the advice that experts give them. We have no plans for any qualification based on the indicative syllabus to be mandatory or to become a regulatory requirement. Indeed, there is nothing in the legislative framework which would allow the regulator to do this.Those trustees who want recognition of their work may achieve this through an accredited qualification. The Pensions Management Institute (PMI) offers the Awards in Pension Trusteeship exams, which have received accreditation from the Qualifications & Curriculum Authority (QCA), as vocationally related qualifications (VRQ) at level 3, within the National Qualifications Framework.
Background to the indicative syllabus (178kb)
Indicative syllabus (255kb)
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| Related documents |
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| Indicative syllabus (PDF) |
| Scope for DB schemes (PDF) |
| Scope for DC only (PDF) |
| Related websites |
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| The Trustee toolkit |