The Pensions Regulator

Member-nominated trustees and member-nominated directors

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Putting arrangements in place

Trustees are required to ensure that arrangements are in place, and implemented, to provide for at least one-third of trustees or at least one-third of directors of the trustee company to be member-nominated.

Putting arrangements in place means considering, designing and building arrangements. Trustees will need to do this:

• when the requirements first start applying to their scheme (see When do the MNT or MND requirements apply?); or
• when reviewing arrangements they have put in place to make sure they remain appropriate to their scheme (paragraphs 83 to 85 of the code of practice refers).

To do this, trustees need to consider two core parts:

1. The legal requirements and the code of practice.
2. The rules of the scheme – this is what the rules of the scheme say about the appointment for trustees.

Trustees should also consider whether any of the current arrangements are appropriate and whether they can be used in whole or in part. See Considering current arrangements for MNTs or MNDs.

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