Occupational Pension Schemes (Trustees' Knowledge and Understanding) Regulations 2005 come into force
Implementation date: 6 April 2006
The Pensions Act 2004 requires that corporate trustees ensure that persons carrying out trustee functions on their behalf are conversant with relevant scheme documentation and have analogous knowledge and understanding. The Regulations disapply this requirement for individual trustees for six months from the date on which they are appointed as a trustee. The draft Regulations (PDF format) can be viewed on the Department for Work and Pensions website.