Trustee Guide

The Trustee Guide is a user-friendly summary of the pensions law and regulatory framework within which trustees of occupational pension schemes in the UK operate. It covers the following topics:

• The legal and regulatory framework
• The trustee board and how it runs its affairs
• Trustee statutory duties
• Benefits
• Funding and investment
• Disputes, penalties and liabilities
• Major events
• The Pensions Regulator and the Pension Protection Fund

It is designed to be a useful background source and refresher for trustees and in-house pensions teams to put issues into context as they arise in relation to their pension scheme.

The Guide reflects the law and regulatory framework as they stood at 1 October 2023. It is not meant to be a substitute for legal advice, for which we would ask you to consult the person at Mayer Brown who normally advises you.