The TKU requirements came into force in April 2006 and are backed by TPR’s code of practice (and specific scope documents).
Trustees need to be “conversant” with the scheme’s –
Trustees are to have “knowledge and understanding” of –
In respect of individual trustees, the degree of knowledge required is that appropriate for the purposes of enabling the individual properly to exercise his functions as a trustee. However, directors of a corporate trustee only need to meet a level appropriate to enable them to exercise the function in question.
New trustees are given 6 months from the date of their appointment to get up to speed with the TKU requirements.
We can offer a comprehensive trustee training programme tailored to meet your scheme needs. For further details, please speak to your usual Sackers contact.