Trustee

Jack Jones looks at the industry’s response to TPR’s proposals on overseeing defined benefit

Rachel Dalton looks at how a trustee board can deal with a difficult member

Jonathan Stapleton says schemes could benefit from more representative trustee boards

Trustees are spending too much time on documentation, member gripes and box-ticking rather than focusing on more fundamental aspects of running their schemes, an independent trustee says.

Most of the 41 pension liberation cases currently under investigation by the Pensions Ombudsman (PO) are complaints against trustees blocking transfers to suspicious vehicles.

The number of pension liberation complaints under investigation by the Pensions Ombudsman (PO) has risen to 41, PP can reveal.

This week Pensions Buzz looks at women in pensions. Find out if the industry thinks there are enough women on trustee boards, and whether quotas are needed.

Having rejected quotas, more than four out of ten contributors said there was no need for schemes to do anything to encourage more women to become trustees.

Despite concerns in some quarters about the lack of women on boards, contributors firmly rejected the use of quotas to even up the numbers. Just 14% supported some form of quota.

The majority of Buzz respondents said trustee boards did not need to reflect the gender balance of their schemes' memberships. Contributors said that trustees represented the scheme as a whole, rather than any particular constituency.