Association of Professional Pension Trustees

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.

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.

Almost half (49%) of the respondents to a Professional Pensions poll disagree that the trend toward sole corporate trusteeship is positive.

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.

Nine trustees have now been given the stamp of approval by the Pensions Management Institute (PMI) under its professional trustee accreditation regime.

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.

Provisional accreditation of professional trustees is necessary to ensure the speedy removal of “unscrupulous individuals”, Dalriada Trustees has said in defence of the process.

As Covid-19 hampers efforts for professional trustees to complete necessary exams, Brian Spence defends the use of provisional accreditation.