CMS' have released their latest edition of the Trustee Knowledge Update (TKU), exploring the legal issues relevant for trustees of occupational pension schemes.
Trustees have a statutory duty to ensure that they have an adequate knowledge and understanding of the legal issues relevant to their scheme. They must also ensure that they are up to date with relevant changes in the law which, given the volume of pensions legislation and regulation and other demands on their time, can be difficult.
With this in mind, CMS' regular trustee knowledge update (“TKU”) is aimed specifically at pension scheme trustees, letting them know what has changed in the last quarter and how it might be relevant to them. It highlights key issues without getting bogged down in the detail.
In addition, should the level of trustees’ knowledge and understanding of legal issues ever be challenged, it is useful for trustees to be able to show what steps they have taken to keep themselves informed of developments. One way of doing this would be to attach TKU to the agenda for quarterly trustees’ meetings and then minute any issues which it covers which are relevant to the scheme and how it is intended to deal with them.
Learn More:
Download and read the Nov25-Jan26 update here.
About CMS:
CMS is a forward-thinking global organisation of independent law firms, boasting over 80 offices in more than 40 countries, and a network of 5,800 lawyers. Combining deep local market knowledge with a broad global perspective, CMS offers dynamic and agile legal solutions to help clients navigate the future with confidence. The firm's focus on social impact, diversity, and sustainability underscores their significance in conversations on governance and future-facing leadership. NEDA are proud to be working in partnership with CMS.