A few weeks ago, The Pensions Regulator (TPR) released their discussion paper: 21st Century Trusteeship and Governance.
Why have they done this?
Pension Fund Trustees carry out an important and difficult role. In aggregate, they are responsible for managing over £1.8 trillion of assets on behalf of 32 million members. And, their role is becoming increasingly challenging in the face of fast-paced changes and growing complexity.
At mallowstreet, we are working to help solve the pensions and savings crisis, and effective trusteeship and governance are key underpinning factors in achieving good member outcomes. It is therefore essential that those who are responsible for running pension schemes and are entrusted with members’ savings are the right people with the appropriate knowledge and skills, and have the right scheme management processes in place.
The discussion paper asks 13 questions, which we’ve put to the mallowstreet community available here
The Forum has over 160 views, with an active discussion and some interesting recommendations already made.
We are asking the mallowstreet community to take part and share their recommendations.
The deadline for submissions is 9 September 2016.