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Wednesday, 25 September 2019
PSGS supports The Pensions Regulator (TPR) in its drive to raise the standards of pension trustee knowledge and understanding and wholeheartedly agrees requirements should be more onerous for professional trustees.
However, we feel further legislation is too heavy a solution as it would add additional governance costs onto schemes and employers and put off lay trustees from undertaking the trustee role. The worst possible result for defined benefit (DB) schemes is to bring in the over regulation that has blighted defined contribution (DC) schemes over the last few years.
Read our full response to TPR's future of trusteeship and governance consultation below.
Download consultation response
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