PLSA comments on TPR’s response to Future of Trusteeship and Governance consultation

The Pensions and Lifetime Savings Association (PLSA) comments on TPR’s response to the Future of Trusteeship and Governance consultation.

Caroline Escott, Policy Lead for Investment and Stewardship at the PLSA said:

“PLSA members strongly believe that good governance is vital to ensuring well-run schemes and achieving good member outcomes. The Pensions Regulator’s (TPR) response to the consultation on the Future of Trusteeship and Governance will allow good schemes of all shapes and sizes the space to continue to thrive, without burdening them with excessive regulation. The original consultation did however identify some complex and structural issues, and it will be important that the regulator continues to work with the industry to find solutions to these challenges.

“We look forward to working closely with TPR to raise levels of trustee knowledge and understanding across the board and especially to helping find ways of supporting schemes to take steps to improve trustee diversity. The PLSA is launching a made-simple guide in the coming weeks, which offers practical tips and advice to schemes about how they can recruit and retain diverse trustee boards and showcases best practice among schemes that already have diverse trustee boards. Having the right people in place who have the right mixture of experience, skills and understanding is a key part of effective governance.”

ENDS

Mark Smith, Senior PR Manager
 020 7601 1726 |  [email protected]k

Steven Kennedy, PR Manager
 020 7601 1737 | 07713 073024 | [email protected]