The Pensions Regulator (TPR) is not setting out to minimise the role of member nominated trustee (MNT) says Lesley Titcomb.
Speaking at the annual general meeting of the Association of Member Nominated Trustees (AMNT) on 23 February, the chief executive dispelled reports that the watchdog was undermining lay trustees.
In her remarks, Titcomb (pictured above) touched on the report, Trustee Landscape Quantitative Research, published last October which has sparked a debate about how trusteeship should evolve over the coming years.
She said: "I really do want to make it clear that our intention is not to minimise or to eradicate the role of the member nominated trustee. That may have been reported as being our intention but that is not what I said.
"For the avoidance of doubt we cannot change the legislation willy-nilly, member nominated trustees are enshrined in the legislation. That is really important and would be a matter for parliament to change. We are looking to drive up standards of trusteeship and governance across the piece. I believe MNTs have a very important role to play in that."
Titcomb revealed TPR will be publishing a discussion paper and further research findings in the spring on how trustee boards could be more effective. "There has been a lot of focus on the training side but what has become very clear is that board dynamics is also important," she added.
Areas such as diversity on boards, the role of the chair, frequency of board meetings, agenda and how time was spent at meetings would be commented upon.
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