Trustee Good Practice Guide
Our overall Trustee Guidance is split into three key areas.
Regulatory statement
This statement, which has been produced jointly with the Pensions Regulator and the Department for Work and Pensions (DWP), sets out the approach to regulating trustees during the assessment period.
www.thepensionsregulator.gov.uk/pdf/windingupjointstatement.pdf
Trustee Good Practice Guide
This explains how the assessment period works as well as sets out the principles we expect trustees and their advisors to adhere to throughout the process. These principles apply equally to independent and lay trustees – and both should make themselves aware of the contents of this guide.
Supporting this guide is the Pensions Regulator’s Trustee Toolkit module for schemes in assessment (DB Scheme: Insolvent Employer). You can find this at:
Website guidance
This provides step-by-step details about what trustees and their advisors need to do throughout the life of a scheme in assessment. You can find this at:
Many of the procedures and the activities you are required to undertake during the assessment period are set out in law. This guide supplements the legislation and:
- provides, in plain English, an overview of the assessment period
- outlines what we expect from you during the this period, and
- sets out how we work with and support you during this period.