Cracking the MNT code!


The Pensions Act 2004 will require that at least one-third of the total number of trustees of occupational pension schemes are member-nominated trustees or directors (MNTs). The current proposal is that this moves up to 50% in 2009. The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 2006 were laid on 16 March 2006. Much more recently, the Regulator’s code of practice was published in final draft. This document is important because it sets out guidance on how trustees should approach the nomination and selection process.

Download PDF