MNTs/MNDs: Basics


Under the PA04 trustees must ensure that arrangements are in place to provide for at least one-third member nominated trustees (MNTs) or, where there is a corporate trustee, one-third member-nominated directors (MNDs) and that those arrangements are implemented.

The arrangements must include a nomination process and a selection process, and comply with other statutory requirements.

MNTs / MNDs must be:

  • nominated as a result of a process in which at least all the active members (or an organisation which adequately represents them) and all the pensioner members (or an organisation which adequately represents them) are eligible to participate.
  • selected as a result of a process which involves some or all of the members of the scheme.