Member

The noble Viscount, Lord Younger, asked about the training and recruitment of trustees, which is a very good point. He will know that all trustees have to meet minimum standards of knowledge and understanding. He will also be very aware, because of his recent job, that the DWP has put out Pension Trustee Skills, Capability and Culture: A Call for Evidence, which confirmed that most trustees are knowledgeable, well equipped and committed to their roles. However, some trustees require more support than others to meet their knowledge and understanding obligations. The DWP is working with TPR to implement a trustee register which will better enable data analysis and target support to trustees who need it most. Professional trustees are also encouraged to seek accreditation. We are considering whether legislation should be taken forward to mandate that in future. DWP officials are considering the appropriate steps to ensure that most schemes are equipped with at least one trustee who has additional qualifications or experience.