UK - Pension scheme trustees feel their workloads have increased significantly and many claim they don't have sufficient time to complete their duties, a survey by Aon has revealed.
Regardless of scheme size, the increases were felt across the board. A third of trustees felt their workload had at least doubled in the period, while 60% said it had increased by at least a half.
Over two thirds (71%) of trustees of the largest schemes - over £500m (US$991m) - said they found it difficult to make time to complete their responsibilities, although about half (46%) of all trustees felt the same.
Milan Makhecha, consultant and actuary, Aon Consulting, said: "The majority of trustees note that the role is getting bigger, and a significant minority thinks that it is getting too big.
"We need to be mindful that the UK model for trusteeship depends heavily on participation by lay members whose capacity to absorb new rules and requirements has a limit."
However, despite the increase in duties and lack of time, 80% said they would still recommend the role to someone else.
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