Member-nominated trustees and directors: checklist | Practical Law

Member-nominated trustees and directors: checklist | Practical Law

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Member-nominated trustees and directors: checklist

Practical Law UK Checklist 3-373-6992 (Approx. 7 pages)

Member-nominated trustees and directors: checklist

by Ruth Bamforth, Walker Morris LLP
MaintainedEngland, Scotland, Wales
This checklist summarises the requirements on trustees of occupational pension schemes to put in place arrangements that ensure at least one-third of their number are nominated by the members. It also sets out the steps to be taken to comply with legislation. References in this checklist to member-nominated trustees (MNTs) include references to member-nominated directors (MNDs), for those schemes where there is a corporate trustee.
For a full discussion of these issues, see Practice note, Member-nominated trustees and directors.