The APPT has called on the regulator to provide clarity for schemes with assets under £1bn
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Trustee time and resource is being eaten up by excessive requests for scheme data from company auditors, according to the Association of Professional Pension Trustees (APPT).
The Association of Professional Pension Trustees (APPT) has launched a committee focused on responsible investment and climate change.
Over 300 professional trustees have now applied for accreditation through the Association of Professional Pension Trustees (APPT) programme.
Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.
Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.
More than 200 professional trustees have received full accreditation from the Association of Professional Pension Trustees (APPT) since the course opened in April.
The number of defined benefit (DB) schemes employing a sole trustee model is expected to double over the next five years, according to an Aon poll of the sector.
The code of practice on sole trusteeship being developed by the Association of Professional Pension Trustees is expected to be published within months, chairwoman Nita Tinn says.