UK - Pensions minister Malcolm Wicks is considering setting up a forum for trustees to listen more closely to their views.
Wicks said he did not get enough input from trustees and raising the profile of their views was high on his agenda.
He explained: “A trustee forum could be an important channel to the government on trustee issues and promote the role and effectiveness of trustees. It would also strengthen the voice of lay trustees in the debate about pensions.”
His comments follow discussions between the department for work and pensions and Trustee Code of Practice Group chairman Brian Holden, who wants the government to set up a standing committee on lay trusteeship.
Holden – who also made a keynote speech at the Pension Show – said: “This is a practical no-nonsense way in which lay trustees can be admitted to the inner circle of decision-makers.”
But he said government should also appoint one or a small number of people to conduct an independent review of lay trusteeship.
Holden also believes that a trustee ambassador or group of ambassadors should be appointed to “fly the flag” for trustees. He explained: “They can assist employers and pension schemes in understanding and acknowledging that the system does and can work.”
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