Global Vision, Local Wisdom

Trustees’ Training Needs

Carl Stanford

The UK Pensions Regulator recently released a consultation on the “Future of Trusteeship and Governance” and noted that there is a broad consensus across the pensions industry that good governance is essential for positive outcomes for pension savers. However, the Regulator’s evidence suggests that some schemes -particularly small ones- fall short of the standards expected. While the consultation relates to UK schemes, the importance of trustees having a good understanding of their scheme and the key issues is equally important for schemes more generally.

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