Pension trustee skills, capability and culture: a call for evidence

Summary:

A call for evidence was published by the Department for Work and Pensions (DWP) and HM Treasury on July 11, 2023, to improve the skills and capability of pension trustees and remove barriers to making effective investment decisions. The call for evidence, which ran from July 11 to September 5, 2023, aimed to deepen the evidence base around trustee capability and other barriers to effective decision-making. The consultation focused on three areas: trustee skills and capability, the role of advice, and barriers to trustee effectiveness. The government published its response to the consultation on November 22, 2023. The goal is to provide better outcomes for savers and improve the pension system.