Sunday, 18 November 2012

Member-nominated director.(MND)

A director of a corporate trustee of an occupational pension scheme, appointed or elected by the members in line with MNT requirements.
In the case of very small schemes, where the sponsor is a private company, the corporate trustee may, in effect, be the board of directors of the company, subject to the requirements for member-nominated trustees.
Usually referred to as a member-nominated trustee (MNT).