SPP issues AI governance framework for pension schemes

Trustees should update existing policies to reflect ‘everyday reality’ of operations

Alex Levy
clock • 3 min read
Jo Fellowes: AI is already embedded across the value chain, and its governance is therefore an inherent part of acting prudently in members’ interests
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Jo Fellowes: AI is already embedded across the value chain, and its governance is therefore an inherent part of acting prudently in members’ interests

The Society of Pension Professionals (SPP) has released a framework for artificial intelligence (AI) governance across the pensions industry.

The paper – Governance in the Age of AI – emphasises that decisions made by schemes about the use of AI fall under the existing fiduciary duties of trustees, despite a lack of dedicated new regulat...

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