“Highly informative. Having leading professionals deliver the TKU course really adds value.”
“Where PSGS are appointed to act in conjunction with an existing body of trustees, we have found that they are quickly able to fit in well and gain the trust and respect of their co-trustees. ”
“I wanted to look at the effectiveness of our trustee board, so Gillian, our PSGS scheme secretary, provided their trustee self-assessment tool to help me gather thoughts and opinions from others on the board. The tool was extremely easy to use and asked all the right questions to help me collect the information I needed as Trustee Chair. It is a great example of the way PSGS shares knowledge with their clients and makes dealing with key governance issues easy. As well as enabling me to meet one of the Regulator’s 21st century trusteeship requirements, using the tool has flagged trustee training needs and ways we could improve trustee meetings further. ”
“They are very proactive and full of new ideas, they've brought better scheduling and better minute sets.”
“PSGS were overall more professional than others.”
“Wish I'd had the opportunity to do the Trustee training course sooner! ”
Legal & governance
Tuesday, 27 August 2019
The Pensions Regulator (TPR) made trustee board effectiveness central to good pension scheme governance. We wanted to find out how far pension trustees have come on their effectiveness journey.
The three key themes emerging from our survey are:
1. Too few pension trustee boards are assessing their performance and those that do are not doing so very effectively.
2. Fundamental basics aren’t being achieved by all trustees on a board – including being well prepared for meetings, actively participating in discussions and understanding the strategy and direction of their pension scheme.
3. Start as you mean to go on – boards are less effective when there’s no formal process for bringing on board new trustees.
Download the full effectiveness of pension trustee boards survey results to find out what’s going well and where there’s room for improvement.
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