The SIG can be accessed via a secure portal on PMI’s website. News of relevance to trustees will be covered by formal announcements posted whenever there is a significant development directly affecting trustees. A regular series of blogs by industry experts will provide ongoing commentary on events as they happen. Discussion forums will allow members to benefit from the experience of their peers through the exchange of ideas. Posts may be made anonymously, and there will be no such thing as a ‘stupid question.’ This will mean that the SIG will be a ‘safe space’ for trustees to interact with their peers, where members can discuss a limitless range of governance-related topics.
Membership is open to active trustees who belong to PMI’s Trustee Group, which, with some 1,100 members, is the largest group for trustees in the UK.
The Chair of the Trustee Group is Doug Ross, who is a professional trustee working for the Pi Partnership. Describing the SIG, he said: “This is an exciting development that will provide trustees with a unique opportunity to network with peers and to benefit from their experience. In an era which has seen trustees placed under increasing regulatory pressure, I am delighted that PMI has responded with such a bold initiative. Major changes, such as those announced by the Chancellor in her Mansion House speech, will inevitably stimulate extensive discussion among trustees and the new SIG provides the perfect forum for interaction.”
Whilst the concept of SIGs is well established, this is the first time that there has been such a service for a specific constituency within the UK pension system.
PMI CEO Gareth Tancred added:“The Trustee SIG is just the start. Whilst I am delighted that we have developed such an exciting new service, we will not be resting on our laurels. The UK pensions community can look forward to a succession of new SIGs that will serve a range of communities within the UK pensions system.”
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