|
Bulletin Board
It acknowledges that the principle underlying pensions legislation is that the trustees are primarily responsible for the good governance of occupational pension schemes. Therefore, proper identification, control and management of risk will protect members, employers and trustees and in consequence be highly beneficial. Accordingly, trm will be holding a series of seminars providing guidance and support to trustees and employers based on a "trustee-friendly" risk management programme. Individual presentations to trustee boards can also be given or more specific assistance to help trustees in developing their own risk management programmes. Jonathan Bull, Director of opdu & trm said: "The project, and trm's services, have been established in accordance with opdu's objectives of enhancing standards and encouraging best practice in pension scheme governance by trustees and fit very comfortably with the prospect of less prescription and more practical guidance in future". In an increasingly risk focused environment, radical changes are needed to reform the overcomplicated regime that currently provides a straightjacket for employers and trustees. If employers are given more flexibility in how they run their schemes, members must be able to rely on trustees to protect their interests and strike a fair balance between the interests of different groups of beneficiaries. The Chairman of trm's Advisory Service, Brian Holden MBE, said: "Trustees must be taken seriously by everyone involved in pensions. Employers and trustees working together to develop their own risk management programme will enable people running pension schemes to better assess whether they are undertaking their responsibilities correctly, sensibly and in a business like manner. This will give members and pensioners the confidence that their pension schemes are being managed by modern and sensible standards of governance."
|
 |
|
|||||||||
|
|||||||||||
