The Regulator has launched an action plan, to improve diversity and inclusion across trustee boards. The plan outlines how the Regulator will set trustees clear expectations on diversity, along with providing practical tools and information on recruiting diverse candidates, creating and maintaining an inclusive culture, engaging with employers on diversity and ensuring communications to scheme savers are inclusive.

 

The plan follows new figures from a report summarising the results of research into diversity among the trustee boards of DB and DC trust-based occupational pension schemes. The report showed that comparatively few schemes have formally obtained and recorded diversity data in relation to the trustees, with 10 per cent of DB schemes and 14 per cent of DC schemes having recorded any trustee diversity data.