More training needed for pension trustees

In its first governance survey of 1,235 schemes, the Pensions Regulator found 42% of schemes have provided trustees with advanced training, while 41% of schemes have provided no training at all. Within this figure, 55% of schemes which provided no training were defined contribution (DC) schemes, and of these 71% had between 12 and 99 members, and of the 45% of DB schemes which failed to offer training 51% had less than 100 members. In addition, the Pensions Regulator has found a “significant minority” of schemes had shortcomings in important areas of good governance, with 70% of DB schem...