“Back in the day there was a large trustee board, with several independents (from the financial world) and the ex-Chairman of the company was offered the role as Chair of Trustees as a sweetener when he stepped down. Unionised company then divided - broad range of active members. They needed some expertise, consistency and leadership during this time. Wanted a serious/professional to lead and guide the trustees. ”
“I learnt more than I expected to at the trustee training course. A good introduction to the trustee role.”
“The team provide an excellent service with practical and commercial input that we have not found with anyone else.”
“We are extremely pleased with the appointment we made. The way Ian reacts to us and works with us is brilliant. We are very happy.”
“Great communication and practical help.”
“Wish I'd had the opportunity to do the Trustee training course sooner! ”
If you haven’t already watched my trustee diversity and inclusion (D&I) podcast with Hymans Robertson’s PITStop series yet, I recommend you do! I explain the steps we’ve taken to promote diversity on trustee boards from recruitment, communication, mentoring and actively promoting younger trustee members. We had to cut the session short as there was so much to discuss!
By happy co-incidence in October, The Pensions Regulator (TPR) set out its strategic action plan to ‘encourage and support trustees to recruit diverse candidates and create a culture of inclusion’. This included a commitment from TPR in setting clear expectations on D&I/ED&I through the upcoming single code and engaging with trustees to demonstrate they meet good practice as a progress indicator. This is a topic that needs to be on your agenda in the next 12 months.
For some pension schemes, it may feel daunting or difficult to put your positive D&I intentions into practice. Whether you are a trustee, sponsoring employer or member of a pension governance committee, questions to ask yourself include:
If the answer to any of these is ‘no’, it is time to get some D&I support and PSGS can help. We can lead a discussion on what D&I means for your pension scheme and look at how D&I can impact your day-to-day pension business. We’ll also introduce the concept of cognitive and hidden diversity and look beyond the obvious markers.
We will be in touch with the winner picked at random on 30 November 2022.
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