TKU – coming to a scheme near you


The Trustee Knowledge and Understanding (TKU) requirements under the Pensions Act 2004 are set to come into force on 6 April 2006. All occupational pension scheme trustees must have sufficient TKU of pensions and trusts law to run their schemes properly. Trustees must also be conversant with scheme documents. The Occupational Pension Schemes (Trustees` Knowledge and Understanding) Regulations 2006 were finally laid on 16 March 2006. The Regulator laid the code of practice on 23 March 2006.

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