How is the business of trusteeship changing, and what future developments are currently the focus of trustee attention? We conducted an informal straw poll of trustees in October, via email and at the PLSA Annual Conference, and while the answers represent the views of interested volunteers rather than a scientific survey, they make interesting reading.
TRUSTEE MEETINGS: HOW OFTEN, AND HOW LONG?
The traditional quarterly meeting approach to scheme governance is no longer sufficient for the business of running a pension scheme – for most schemes, quarterly trustee board meetings are now supplemented with a range of half-day meetings and committee or other meetings. Some schemes rely on delegation to subcommittees; others prefer supplementary half-day meetings – but only 10% of schemes reported managing on main trustee board meetings alone.
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