Andrew Bradshaw

Professional trustees will be expected to apply for accreditation in the near future as a regulator-backed working group has published a set of seven standards against which they will need to demonstrate compliance.

There will be no transitional 'comply or explain' period for professional trustees to prepare for mandatory standards when they come into force later this year, a regulator-backed working group has announced.

Professional trustees will need to comply with six areas of standards from April or May next year under plans to bolster pension scheme governance.