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.