24 August 2016
The Pensions Regulator has issued a discussion paper titled “21st Century Trusteeship and Governance” which continues engagement with the pensions industry in considering how best to support trustees in fulfilling their responsibilities and improving beneficiary outcomes. The paper highlights key findings and challenges from the Regulator’s research into the work of trustees, and poses thirteen key questions to shape future policy decisions.
The questions are wide ranging, covering: the role of professional trustee, the role of the chair, the challenge for new trustees and trustee knowledge and understanding, minimum competence and continuous personal development, conflicts of interest, engaging with advisers and how to deal with schemes unable to deliver good governance.
I believe the topics are all extremely relevant and very timely, and the Regulator should be congratulated in highlighting this initiative. I intend to respond to this consultation on a personal basis and I would encourage interested trustees and advisers to read the paper and perhaps also to respond to the Regulator with their views.
If there is interest, I would be delighted to share the text of my submission.
The consultation period for this paper ends on 9 September 2016.
Over to You:
- If you found this content useful, please feel free to share it using the buttons at the bottom of the webpage
- If you’d like to be kept in touch with my writings as they are published, please subscribe to my Mailing List
- If you think I might be able to help your business with your pensions related challenges – please email or call me
Author: Martin Veasey
© www.veaseyassociates.co.uk 2011 – 2019