The professional trustee accreditation process, set up by the Professional Trustee Standards Working Group (PTSWG), has been delayed again and is now expected to launch “in the new year”.
The framework is still set to be run by the Pensions Management Institute (PMI) and overseen by the Association of Professional Pension Trustees (APPT).
A spokesperson for the PMI said: "There are ongoing negotiations between the PMI and the APPT which have yet to be concluded."
In July, the APPT said the framework was proving to be "more complex than first envisaged".
The framework comprises seven standards for trustees to adhere to and PMI's spokesperson said that "the associated accreditation requirements remain central to the framework".
The accreditation framework is an effort to drive up governance standards across schemes with professional trustees needing to demonstrate compliance, including a fit and proper persons test, a technical qualification, and a ‘soft skills' component.
The regime comes after The Pensions Regulator amended its definition of ‘professional' in 2017, and is further looking to bring in quality control standards for professional trustees.
The Pensions Regulator (TPR) has published guidance detailing how schemes that use fiduciary managers should run a competitive tender process when appointing a manager.
The European Court of Justice (ECJ) will deliver its judgment next month in a landmark case on whether pension lifeboat funds are paying out the right level of benefits.
The Conservative party will hold reviews of the tapered annual allowance and net-pay schemes if it is elected back into government, it has said.
Schemes must be aware of the proposed rules on reporting corporate events, or they could face a £1m fine, says Anne-Marie Winton.
The Labour party and the Liberal Democrats have published their 2019 election manifestos, with little similarities in proposals for the future of pensions policy.