From The Pensions Regulator:
As part of its commitment to improving the way pension schemes are governed, the Pensions Regulator has today published the results of its third governance survey – designed to assess standards of scheme governance in the UK.
Overall ratings are reasonably consistent for 2007 and 2008, following some marked improvements between 2006 and 2007. Schemes are clear about the aspects that contribute to the raising of governance standards – particularly the importance of regular trustee board meetings, trustee training and the level of trustee experience.
There are also generally consistent positive ratings for boards’ abilities to meet their overall governance activities. However, it remains the case that differences in experience and practice between small and large schemes can be clearly seen across these activities.
Some key findings from the schemes…