Commenting on the DWP paper responding to the outcome of its Trusteeship and Governance consultation, we have said it broadly recognises that the current UK pension trusteeship system has several features that work well and continue to support strong member outcomes, a key strength being the flexibility it offers in governance structures. Schemes can adopt governance arrangements that best fit their size, complexity and membership profile, whether that is a traditional trustee board or, where appropriate, a professional corporate sole trustee (PCST) model. This adaptability allows governance to evolve as schemes mature or face new strategic challenges. More…
11 November 2026 - APPT comments on DWP Trusteeship and Governance response