Sixty Second Summary
21st Century Trusteeship – Chapter 8 & 9
04 Sep 2018 - Estimated reading time: 60 Seconds
Why Facebook should ‘like’ TPR’s latest guidance!
Facebook and Mark Zuckerberg were badly rocked by a recent data scandal. Little did they know that this would make them an unwitting star of this article on the Pensions Regulator’s 21st Century Trusteeship campaign! As Facebook discovered to its cost, you don’t always get ‘likes’ on social media - particularly where the whiff of ‘conflicts of interest’ is floating around.
Let’s remind ourselves…..What is ‘21st Century Trusteeship’?
The primary aim of the 21st Century Trusteeship campaign is to drive up standards of governance in pension schemes in order to ensure better outcomes for scheme members. The initial 4 chapters of the campaign focussed on the importance of knowledge and understanding, with those that followed concentrating on the organisation and effectiveness of Committees and Boards. The latest chapters continue this theme - conflicts are under scrutiny in Chapter 8, whilst the focus of Chapter 9 is on ‘meetings and decision making’.
Download our summary below to find out what's in the latest chapters.