professional trustees

The launch of the professional trustee accreditation process, set up by the Professional Trustee Standards Working Group (PTSWG), has been delayed until "later this year".

Pensions Buzz peers agreed with pensions and financial inclusion minister Guy Opperman and former shadow chancellor Ed Balls that now might be the time for a fresh commission.

This week's top stories included The Pensions Regulator launching a consultation on the future of trusteeship.

The Pensions Regulator (TPR) has launched a consultation on scheme governance and trusteeship, urging "badly-run schemes" to improve or consolidate.

This week's Pensions Buzz respondents were split on whether more schemes should follow NEST's decision to divest from tobacco.

Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).

Independent Trustee Services (ITS) has become a fully independent firm after undertaking a management buyout from Mercer.

Accreditation will reduce the number of sole-trader professional trustees, this week's Pensions Buzz respondents say.

This week's top stories included an accountant admitting fraud and making employer-related investments in the latest criminal prosecution pursued by The Pensions Regulator.

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.