Trust-based pension schemes: Trustees and governance, building a stronger future
This is a consultation on improving the standards of pension scheme trusteeship, governance and administration. We welcome stakeholder feedback to the questions put forward on how we can ensure pension scheme trusteeship, administration and governance should adapt to meet the challenges of a modern pension system.
This consultation wants to ensure trustees have the standards and skills needed to deliver a modern pensions system that works harder for savers and supports UK economic growth. As the pensions landscape rapidly evolves trusteeship, governance and administration standards must keep pace. The consultation aims to bring all schemes up to the required standard and proposes a number of new measures designed to raise standards for all trustees. It will also consider ways pension scheme administration standards can be improved for the benefit of savers.
This consultation is being conducted in line with the revised Cabinet Office consultation principles published in March 2018.