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Although you have up to six months to acquire the relevant trustee knowledge and understanding, you need to be equipped to be able to make any decisions that may arise in the meantime.

It's important that trustees ensure their pension scheme delivers good outcomes for members' retirement savings, whether it is a scheme offering defined benefit (DB) or defined contribution (DC) benefits.

There are different categories of trustees, but you will normally have the same duties and powers.

Increase your trustee knowledge and understanding using our Trustee toolkit.

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