A wake-up call is on its way for under-performing occupational pension schemes. The UK Pensions Regulator (TPR) is considering the future of trusteeship and governance.
The same standard will be required of all schemes, whether large or small: the final schemes may be fewer, but better run. The days of the “symbolic” trustee are over and professional help may be required.
If you feel this might affect your scheme, and want a say in the decision-making process, respond to the consultation before 24 September 2019.