Trustee Good Practice Guide

Guidelines for trustees managing pension schemes through the Pension Protection Fund assessment period

Welcome

Introduction

The assessment process

Principles

Key roles and responsibilities

Reporting

Feedback and performance management

Tools

In this section

Principles

In this section, we discuss in more detail the key principles which we expect you, as trustees, to apply when managing your scheme through the assessment period. These are critical to ensure that you complete the assessment period successfully, accurately and in a timely manner.

The PPF caseworker will contact you regularly throughout the assessment process and they will let you know if they think you are not adhering to these principles. We will expect you to work with your PPF caseworker to address our concerns. If you ignore our concerns, we will inform the Pensions Regulator who can investigate further and apply sanctions where appropriate.

Remember, these principles apply equally to all parties involved with a scheme in the assessment period. All parties should make themselves aware of these principles.