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Unit 5.1: The Trust Deed, Scheme Rules and the Balance of Power
Unit 5.1 returns to the governing documents, this time from the point of view of the trustee reading them. It covers the duties, powers and discretions a trust deed, the scheme rules and any amendments confer on trustees, the nature of the relationship between the employer and the trustee board including the effect the funding level has on the sponsoring employer, and where the balance of power between the two sits when a power has to be exercised. Module 1 introduces these ideas in the abstract, and this unit works through them document by document.
What’s in it.
3 topics- Topic 01
Duties, Powers and Discretions of Trustees Under a Trust Deed, Scheme Rules and Amendments
Coming soon - Topic 02
The Nature of the Employer/Trustee Relationship and the Effect of the Funding Level on the Sponsoring Employer
Coming soon - Topic 03
The Balance of Power Between Employer and Trustees and When to Exercise Trustee Powers
Coming soon