Trustees are vital to providing good quality trust-based pensions and protecting members' benefits. Guidance and resources to help you in your important and challenging role.
Your duties are wide-ranging - from the collection of contributions to the investment of assets and payment of benefits. Scheme members look to you to make sure that their pension benefits are secure.
The areas of defined benefit (DB) scheme management key to ensuring a well-run and well-funded scheme.
You need to focus on a number of areas if your scheme provides defined contribution (also known as ‘money purchase’) benefits.
How to submit a scheme return or recovery plan, pay the levy, request a trustee appointment and update registrable information using our online service Exchange.
If you run a scheme that offers mixed benefits (sometimes known as a 'hybrid scheme') you need to manage the defined benefit (DB) elements as if they were a DB scheme and manage the defined contribution (DC) elements as if they were a DC scheme.
The Pensions Regulator is required by statute to compile and maintain a register of trustees who fulfil certain legislative conditions. The regulator meets this requirement through the creation and maintenance of its trustee register.
Our campaign to improve the standard of trustees managing workplace pensions.
If you are a professional pension trustee we expect you to show a greater level of knowledge and meet higher standards than other trustees.