Sixty Second Summary
21st Century Trusteeship - chapter 4 – here’s why Pink Floyd were wrong
09 Mar 2018 - Estimated reading time: 60 seconds
It may be a leap from the Pensions Regulator to Pink Floyd, but it is Pink Floyd that we think TPR had on its mind when it issued the latest chapter of its 21st Century Trusteeship saga. Perhaps this chapter was considered to be simply “another brick in the wall” - but in a change to Pink Floyd’s message it was one that said “we do need education” rather than not!
What is “21st Century Trusteeship”?
As set out in our previous summary of the first three chapters, towards the end of 2017 TPR launched its 21st Century Trusteeship campaign with the stated aim of driving up standards of governance in pension schemes and ensuring better outcomes for scheme members.
The campaign is the latest move from TPR as it looks to set out what it wants from you and increases its boldness when going after people who do not meet its expectations. Under the 21st Century Trusteeship banner, TPR will issue a series of communications making absolutely clear to those responsible for managing pension schemes what the expected standards look like – see here TPR’s website.
If you have any questions or concern in the area of training and skills assessment, or indeed on anything from this latest chapter in TPR’s 21st Century Trusteeship campaign, then don’t hesitate to get in touch.
To read our full summary, please download a copy of our 60 second summary.