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Employee Pension Trustees in the UK

In the United Kingdom, pension law requires that one-third of the trustees responsible for the administration of private retirement plans be chosen by plan participants. These trustees are called Member-Nominated Trustees. The UK government has signaled its interest in raising the number of member-nominated trustees to a minimum of one-half, with that increase taking effect in 2009. Plans where the trustees are independent of both the employer and the employees, or where the plan has only one member, are exempted from this requirement.  

The procedure for selecting Member-Nominated Trustees begins with polling all active and pensioner plan members for nominations. Those nominees who consent are then voted on by all plan members, with those receiving the highest number of votes being chosen.

For more information on Member Nominated Trustees [PDF].

The following website provides information about the selection process.

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