Professional trustees can improve scheme governance, clear up misunderstandings, and ensure regulatory compliance, argues David Fairs
This week's top stories were the seven-year ban a company director received for pension negligence, and the launch of the Pensions Administration Standards Association's defined benefit transfer guidance.
The regulator must not forget the important role of lay trustees as it boosts standards of professionals, argues Jonathan Stapleton.
The launch of the professional trustee accreditation process, set up by the Professional Trustee Standards Working Group (PTSWG), has been delayed until "later this year".
Pensions Buzz peers agreed with pensions and financial inclusion minister Guy Opperman and former shadow chancellor Ed Balls that now might be the time for a fresh commission.
This week's top stories included The Pensions Regulator launching a consultation on the future of trusteeship.
The Pensions Regulator (TPR) has launched a consultation on scheme governance and trusteeship, urging "badly-run schemes" to improve or consolidate.
This week's Pensions Buzz respondents were split on whether more schemes should follow NEST's decision to divest from tobacco.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).
Independent Trustee Services (ITS) has become a fully independent firm after undertaking a management buyout from Mercer.
Accreditation will reduce the number of sole-trader professional trustees, this week's Pensions Buzz respondents say.
This week's top stories included an accountant admitting fraud and making employer-related investments in the latest criminal prosecution pursued by The Pensions Regulator.
Professional trustees will be expected to apply for accreditation in the near future as a regulator-backed working group has published a set of seven standards against which they will need to demonstrate compliance.
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.
There will be no transitional 'comply or explain' period for professional trustees to prepare for mandatory standards when they come into force later this year, a regulator-backed working group has announced.
Pensions law firm Gunnercooke has established a professional trustee firm, promising a focus on strategy, proactivity and accountability.
Professional trustees will need to comply with six areas of standards from April or May next year under plans to bolster pension scheme governance.
This week we want to know if it is correct to define professional trustees as those who promote themselves as having expertise in trustee matters to schemes they have no connection with.
The Pensions Regulator (TPR) is consulting on changing its definition of professional trustees and is also reviewing its penalty policies for breach of duties.
Recruiting high quality trustees is a major challenge for schemes. Emma Cusworth looks at how this can be managed.
Following its response to the 21st Century trusteeship and governance discussion paper, chairman Mark Boyle underlines TPR's determination to drive up standards.
The Pensions Regulator (TPR) has revealed how it will raise the bar on trustees to address concerns that too many members are suffering financial detriment from poor stewardship.