Diversity on pension trustee boards

On 1 December 2022, The Pensions Regulator (TPR) published its action plan ‘Promoting high standards of diversity and inclusion among our regulated community'. This is in the context of recent research which found that on average 83% of UK pension scheme trustees are male, 25% of trustee boards are all male and one third of scheme trustees are over age 60 (2016 Pensions and Lifetime Savings Association annual survey) and that the average UK pension scheme trustee is male, 54 years old, with a university degree and only 2.5% of scheme trustees are under age 30 (2016 Aon research ‘Mapping ...