The Pensions Regulator (TPR) carried out research which identified that many schemes were not being run to the standard expected by TPR.
This was particularly true of smaller and medium sized schemes where there is generally less resource, both in terms of money and headcount, to support trustees. On the back of these findings TPR initiated an education program which was given the name of “21st Century Trusteeship”.
"Doing the right thing, in the right way, means that trustees set clear goals and timescales, understand and manage risk, communicate clearly and get the maximum from available resources and advisers this results in better outcomes for all stakeholders and protects the interest of the members."
To continue reading, please download the briefing note below.