UNIONS are set to step up their campaign to make sure trustee boards are made up of at least 50pc member nominated trustees, the Trades Union Congress says.
Speaking at a TUC conference for pension fund trustees, general secretary Brendan Barber said the first challenge would be to build on the success of existing member nominated trustees.
He said: "That means not just expanding our network of over 1000 member nominated trustees but making sure member nominated trustees remain an absolutely integral part of scheme governance."
Barber added: "At a time of corporate belt-tightening, when pension schemes are sadly an obvious target for cost-cutting, the importance of good governance cannot be overstated.
He said the TUC welcomed the government’s aim to have 50pc of trustee boards made up of member nominated trustees, but said not enough progress had been made in delivering this "aspiration".
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