UK - The National Employment Savings Trust has started recruiting for employer and scheme panel members to represent views of stakeholders to the corporation's trustees.
Six people will be appointed by the scheme to sit on an employer panel, which will be responsible for feeding back views of the business world and participating employers to trustees.
A further six people will be put on a member panel to advocate the views of scheme members and ensure the scheme is meeting member needs.
NEST said: "We genuinely want to encourage applications from all parts of the community and business world to ensure that our panels are as reflective as possible of the target client and user groups that we will serve."
Panel members will be expected to contribute to issues such as reviewing investment principles. The member panel will also have input into appointing trustees.
Initial panels will be established this summer, the corporation said. Chairmen of the panels will be paid £5,000 ($8,000) a year for ten days work, with panel members receiving £1,800 a year for six days work.
NEST has also launched a search for a responsible ownership provider and an environmental, social and governance data analyst to implement its responsibility agenda through shareholder voting and engagement.
NEST's fund managers - so far confirmed as UBS Global Asset Management, BlackRock and State Street Global Advisors - will carry out voting in the early stages of the scheme, with oversight provided by the RO provider.
NEST said it may take direct control of both detailed voting decisions and execution at a certain size of scheme assets or after a certain period of time.
The ESG data provider will help the corporation analyse ESG data collected from companies NEST invests with.
To apply to be in the NEST panel, go to www.nestpanels.org.uk
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
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