Trustee Senate 2017
Scheme Trustees currently face significant challenges, which arise from both scheme specific issues and regulatory change. Many Trustees are grappling with deficit challenges and are looking at different ways in which they can close this funding gap - the range of options include increased sponsor contributions, changes in governance or an overhaul of investment strategy.
Over the past year, we have had reports from the Work and Pensions Select Committee (WPC) and The Pensions and Lifetime Savings Association's DB Pensions Task Force as well as a Green Paper on pensions and ever increasing speculation about changes to the pension's tax regime.
Those responsible for DC schemes are also having to deal with the change posed by Freedom and Choice and auto-enrolment regulation as well as ensuring their schemes remain fit for purpose for the future.
Professional Pensions launched a brand new event: Trustee Senate on the 20 September which looked at the challenges scheme Trustees face and asked how they can best address some of these issues. It also explored what the future is likely to hold for Trustees and assess the common themes emerging.