Majority of schemes have not acted on all top three governance expectations

WTW report finds schemes have ‘high ambitions but slow progress’ on governance

Jasmine Urquhart
clock • 3 min read
Majority of schemes have not acted on all top three governance expectations

Less than one third (30%) of schemes have taken action on each of the top three governance expectations ahead of The Pensions Regulator’s (TPR) General Code of Practice, according to a report by WTW.

The Trustee Governance Report 2023 found that the majority (72%) of schemes said they were either aiming to be 'best in class' or 'better than many schemes' on governance. However just 6% had co...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Clara Pensions appoints Broadstone as TPA

Clara Pensions appoints Broadstone as TPA

Follows Clara’s superfund deal with Debenhams scheme for which Broadstone administers

Holly Roach
clock 25 April 2024 • 1 min read
Industry reacts to TPR's 'scaled back' annual funding statement

Industry reacts to TPR's 'scaled back' annual funding statement

Statement highlights ‘radical transformation’ of scheme funding positions

Jasmine Urquhart
clock 24 April 2024 • 5 min read
Professional trustee firms see fourth consecutive year of double-digit revenue growth

Professional trustee firms see fourth consecutive year of double-digit revenue growth

Isio report shows 46% of all new trustee appointments were sole trustees

Holly Roach
clock 24 April 2024 • 2 min read
Trustpilot