Want to win an interactive D&I workshop for your scheme?

Topic:

Hot topic

Date published:

Wednesday, 2 November 2022

Author:

Simon Lewis

If you haven’t already watched my trustee diversity and inclusion (D&I) podcast with Hymans Robertson’s PITStop series yet, I recommend you do! I explain the steps we’ve taken to promote diversity on trustee boards from recruitment, communication, mentoring and actively promoting younger trustee members. We had to cut the session short as there was so much to discuss!

By happy co-incidence in October, The Pensions Regulator (TPR) set out its strategic action plan to ‘encourage and support trustees to recruit diverse candidates and create a culture of inclusion’. This included a commitment from TPR in setting clear expectations on D&I/ED&I through the upcoming single code and engaging with trustees to demonstrate they meet good practice as a progress indicator. This is a topic that needs to be on your agenda in the next 12 months.

For some pension schemes, it may feel daunting or difficult to put your positive D&I intentions into practice. Whether you are a trustee, sponsoring employer or member of a pension governance committee, questions to ask yourself include:

• Have we integrated D&I into our pension scheme and what does this look like?
• Do we understand the day-to-day impacts D&I has on our pension scheme and the benefits?
• Have we got a D&I policy in place and are we aligned with the employer’s D&I policy?
• Does our risk log include a regular D&I review?

If the answer to any of these is ‘no’, it is time to get some D&I support and PSGS can help. We can lead a discussion on what D&I means for your pension scheme and look at how D&I can impact your day-to-day pension business. We’ll also introduce the concept of cognitive and hidden diversity and look beyond the obvious markers.

Sign up to win D&I training

We will be in touch with the winner picked at random on 30 November 2022.

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