All trustees have a statutory duty, within six months of appointment, to demonstrate that they have a knowledge and understanding of:

• the law relating to trusts and pensions;
• the principles of funding and investment; and
• the documents particular to the scheme.

Buck Consultants has developed range of training courses for trustees and others who work in the pensions industry. The courses are designed to address issues that commonly arise, from providing participants with the basic principles of trusteeship, key duties and responsibilities, to scheme-specific training covering the full scope of the trustee knowledge and understanding (TKU) requirements of the Pensions Act.