233. Individual trustees.

(v)     Requirement for Knowledge and Understanding

233.     Individual trustees.

The following provisions1 apply to every individual who is a trustee of an occupational pension scheme2. An individual to whom these provisions apply must, in relation to each relevant scheme3, be conversant with: (1) the trust deed and rules of the scheme; (2) any statement of investment principles for the time being maintained in relation to the scheme4; (3) in the case of a relevant scheme to which Part 3 of the Pensions Act 2004 (scheme funding)5 applies, the most recently prepared or revised statement of funding principles6; and