UK - Pensions minister Ian McCartney is set to formally launch the Trustee Code of Practice today.
The code is to be unveiled by McCartney and founding chairman Brian Holden.
Holden – a member trustee of the CIS Pension and Death Benefits Scheme – hopes that the code will “allow lay trustees to punch their weight more powerfully“.
Holden said: “I am looking forward to the launch of the code after eight months of hard work by the group.”
But he added: “I do not see [this] as the end result though – it is more like the beginning of a united effort to help and encourage more trustees to carry out their vital duties.
“This is needed more than ever as pension provision climbs higher up the social and economic agenda.”
Influential support for the code has already been given by former NAPF chairman and Simplification Review head Alan Pickering. The launch of the code has been timed to coincide with the Pension Management Institute’s trustee group seminar, which will be discussing the main issues facing trustees and at which Holden is due to speak.
Holden commented: “When I address delegates at the conference, it will be the first time I will be able to talk about the actual code rather than the concept.”
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