Governing the scheme
Having a clear purpose and strategy, the right skills and experience available, managing risks and conflicts of interest, and making sure the pension scheme provides value for members.
Clear purpose and strategy
Having a business plan so that you manage your scheme effectively and get good outcomes for members.
Skills and experience
Make sure the people on your trustee board have the skills, knowledge and experience to run the scheme well.
Meetings and decision-making
Make sure you have effective board meetings and conduct timely decision-making.
Scheme governance and controls
You must establish and operate internal controls that enable you to identify, evaluate and manage the risks that relate to your scheme.
Conflicts of interest
You must identify, monitor and manage any conflicts of interest of those involved in running your pension scheme.
Value for members
Monitor and record the value the scheme is achieving so you can make informed decisions on behalf of your members.
Working with advisers
Make sure you have the right people to help you run and make appropriate decisions about your pension scheme.
Detailed guidance
Guidance on skills and knowledge needed by trustee boards and the systems and controls they should have to manage risks and conflicts of interest, and provide value for members.
Trustee Toolkit online learning
Free online learning on managing risks and making sure that the governing body has the right skills and experience. You must log in or sign up to use the Trustee Toolkit.