Trustees ‘lack expertise’ former regulator claims

Trustees 'lack expertise' former regulator claims

Sir Bryan Nicholson bemoans experience of pension trustees

A lack of expertise among pension trustees is preventing many schemes from
dealing effectively with the current crisis, according to the former chairman of
the Financial Reporting Council.

Sir Bryan Nicholson, who stepped down as the head of the regulator at the end
of last year, told the Financial Times: ‘Although the situation is much
improved, there is still [concern] in my mind that many trustees of pension
funds don’t really know what they’re doing.’

Sir Bryan, a former trustee of a fund himself, said he does not want to
criticise individuals, but they are often lay people who are unable to give the
time needed to the role.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article