86:, this requirement was made compulsory, and the Secretary of State has the power to raise the threshold to one half. Many pension funds already have one half of trustees nominated even though the law requires less. Given the steady growth in numbers and the formalisation and establishment of member trustees in the economy, in September 2010, the AMNT emerged to organise member trustees. Its first official meeting took place on 31 March 2011, and it set a date in July to agree on policies and a constitution.
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Member nominated trustees of pension plans have been a part of UK pensions since the emergence of occupational pension plans in the middle of the twentieth century. During the 1970s Labour government, a white paper was proposed that half the trustees should be nominated by the workforce, however this
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UK's newest pensions group gets off to a flying start
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