Articles - First trustee diversity and inclusion survey launched by TPR

The Pensions Regulator (TPR) is calling on all occupational pension scheme trustees to take part in an important exercise to build a clearer picture of trustee diversity. All trustees of defined contribution and defined benefit schemes will be eligible to take part in an anonymous online survey gathering diversity and inclusion data about their scheme’s board. The survey comes after TPR research into defined contribution pension schemes showed most did not formally capture diversity data in relation to their trustees.

 This was usually because it was not felt relevant due to the small size of the trustee board or scheme.

 Fewer than one-in-five schemes (17%) formally obtained and recorded any diversity data in relation to their trustees, a similar figure to 2021 (14%).

 The data was most likely to be recorded was sex and age followed by ethnicity, disability and education. Very few schemes recorded data on religion/belief, gender identity or sexual orientation.

 Louise Davey, TPR’s Director of Regulatory Policy, Analysis and Advice, said: “Diversity and inclusion is important to good governance and decision-making, and therefore in achieving good saver outcomes.

 “This online survey will help us build a picture of trustees’ diversity so we can effectively measure our progress in promoting high standards of diversity and inclusion.”

 Invites are set to go to around 97,000 trustees and public service pension scheme board members. Emails containing a link to the online survey will be sent out later this month.

 The survey will:
 explore the proportion of trustees with protected characteristics, their academic and socio-economic backgrounds and work experience
 discover trustees’ views on diversity and inclusion, in a measurable way allowing for TPR to detect changes in sentiment over time
 understand what diversity and inclusion data about trustees is being recorded by schemes and its intended use
 record actions being taken to ensure diversity and inclusion among trustees in their work and whether information on benefits for savers is being captured
 measure awareness of TPR’s equality, diversity and inclusion (EDI) action plan
 TPR expects to release results from the survey before the end of 2023.

 Email invitations will be sent out this month. Invitations also went out by post at the end of June. The deadline for responses is 4 August.

 Figures showing the proportion of schemes formally capturing diversity data was published as part of findings from the DC survey published on Tuesday 4 July 2023.

Back to Index

Similar News to this Story

Oblivian Coalmine on pension funds fossil fuel industry ties
This new film from Make My Money Matter, starring the Academy Award winner Olivia Colman, highlights that £88 billion of UK pension savers money is in
Hopes and fears for pensions in 2024
Aon has set out its “hopes and fears” for pensions in 2024. After a year in which UK pension schemes digested the events of 2022 and adjusted themse
The lifetime pension model
In the Chancellor’s Autumn Statement Jeremy Hunt launched a call for evidence for a ‘pot for life’, also known as the lifetime pension model. As part

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.