Trustee Good Practice Guide
Reporting
To ensure we complete assessment within the preferred timescales (within 24 months), we need to be kept regularly informed, with documentary evidence about the progress you are making and any early warnings about possible delays.
To help you understand the assessment process more fully, the Pensions Regulator – in conjunction with the PPF – has developed a new Trustee Knowledge and Understanding Toolkit module for schemes in an assessment period (‘DB Scheme: Insolvent Employer’ module). This sets out all the key tasks that you need to undertake during assessment.
It is not designed to be a definitive list of all activities required for your scheme but provides an outline of the process from beginning to end, based on a typical scheme.
While this guidance is not prescriptive, you should adhere to certain reporting requirements unless agreed otherwise with your caseworker. If you believe these requirements are not suitable for your scheme, then talk to your caseworker to agree a mutually satisfactory way forward.
There are three types of reporting that your caseworker will expect from you; legislative reporting, regular reporting and exception reporting.