Client feedback


These days, Boards need real expertise on tap (with excellent back-up) to cope with a constantly evolving and more regulated environment. PSGS is geared to delivering that.
Ray Pygott,
Partner at KPMG LLP
Brilliant to work with - inspiring confidence that risks are anticipated and well-managed, and adding huge value by sharing expertise and best practice.
Mark Berry,
RM
I find Colin proactive rather than reactive. He is also supportive.
Professional and forthcoming with support.
Martin Crees ,
Rabobank
I wanted to look at the effectiveness of our trustee board, so Gillian, our PSGS scheme secretary, provided their trustee self-assessment tool to help me gather thoughts and opinions from others on the board. The tool was extremely easy to use and asked all the right questions to help me collect the information I needed as Trustee Chair. It is a great example of the way PSGS shares knowledge with their clients and makes dealing with key governance issues easy. As well as enabling me to meet one of the Regulator’s 21st century trusteeship requirements, using the tool has flagged trustee training needs and ways we could improve trustee meetings further.
Claire Silvester,
Vector Aerospace
Back in the day there was a large trustee board, with several independents (from the financial world) and the ex-Chairman of the company was offered the role as Chair of Trustees as a sweetener when he stepped down. Unionised company then divided - broad range of active members. They needed some expertise, consistency and leadership during this time. Wanted a serious/professional to lead and guide the trustees.
Dave Benstead ,
Diodes Zetex

Only 56% of pension trustee boards assess their performance – trustee effectiveness research

Topic:

Legal & governance

Date published:

Tuesday, 27 August 2019

The Pensions Regulator (TPR) made trustee board effectiveness central to good pension scheme governance. We wanted to find out how far pension trustees have come on their effectiveness journey.

The three key themes emerging from our survey are:

1. Too few pension trustee boards are assessing their performance and those that do are not doing so very effectively.

2. Fundamental basics aren’t being achieved by all trustees on a board – including being well prepared for meetings, actively participating in discussions and understanding the strategy and direction of their pension scheme.

3. Start as you mean to go on – boards are less effective when there’s no formal process for bringing on board new trustees.

Download the full effectiveness of pension trustee boards survey results to find out what’s going well and where there’s room for improvement.

 

Download the results

 

Back to opinions

 

Hot topics


PSGS & 20-20 Trustees merge to form Vidett
Hot Topic

Punter Southall Governance Services (PSGS) & 20-20 Trustees (20-20) have today announced they...

Read more »


Don’t be surprised that your gilt funds are being treated like an emerging market
Image of Hot Topic author Sophia Harrison, Client Director

You may have seen or heard about the article in the Financial Times about how Insight...

Read more »


More opinions »


Call: 0118 207 2900

online enquiry