What separates effective trustee boards from the rest? Applying Strengthscope’s workplace research to the realities of trustee governance
Collectively, pension trustee boards oversee assets of around £1.5 trillion, and the governance expectations around these funds is only rising as regulation becomes more complex. This is reflected in the Government’s recent consultation paper, ‘Trust-based pension schemes: Trustees and governance, building a stronger future’, which aims to strengthen governance standards and ensure trustee boards are […]
Building better boards: the power of positive psychology
In episode seven of our ‘Shaping Tomorrow’ podcast, our host Clare Routledge orchestrates our latest expert panel on the importance of board effectiveness (BE), and how psychology can be used to help enhance your BE reviews. Joining Clare in discussion are: Alison HatcherHead of Trusteeship, Vidett Nicole Johannessen Associate Director and Board Effectiveness Lead, Vidett Scott […]
Thinking about EDI as part of board effectiveness
National inclusion week is a great opportunity for pension managers and trustees to remind themselves that The Pensions Regulator (TPR) expects pension schemes to demonstrate best practice around equality (we prefer the use of equity), diversity and inclusion (EDI). But why is EDI important, and how could a board effectiveness review make sure EDI best […]
Vidett and Strengthscope®: avoiding overdrive risks on trustee boards
Harnessing the strengths of individuals is the key to working together and understanding our collective strengths within a team will create more effective trustee boards. Knowing this, we’ve recently collaborated with Strengthscope®, a company that helps people to better understand their strengths. Strengthscope® goes deeper than the strengths-based approach that is now well known in […]
National Inclusion Week: 8 actionable tips to strengthen pension board equity, diversity and inclusion
Diverse and inclusive boards are essential for effective decision-making, governance and good member outcomes. However, research from Cardano suggests that pension trustee boards are still overwhelmingly white, male and over age 45. While this doesn’t make diversity—or diversity of thought—impossible, it does make achieving it more challenging. Research from Barnett Waddingham highlights that many pension […]
Lessons for improving board diversity
Client director Simon Lewis has recently written an article for Governance + Compliance, looking at the ongoing challenge of improving board diversity in organisations. In the piece he casts the spotlight on the key barriers companies face and how can companies drive change. To read the article in full, please click here. If you’re looking […]
Board effectiveness: the jury’s out
I recently had the privilege of exercising my civil duty by serving on a jury. As someone whose day job is to sit on boards and make decisions, this should have been a walk in the park. Instead, I found it an eye-opening exercise in group dynamics, and an extreme lesson in the art of […]
Have you reviewed your trustee board’s effectiveness?
The Pensions Regulator expects every trustee board to carry out periodic reviews. Find out if it’s time for you. Find out more on our webpage here.
Equipping your trustee board to deal with changing circumstances
To look after member benefits, pension trustee boards need to stay on top of changing circumstances and be ready to address unexpected challenges. In this article, Vidett’s Chris Halewood identifies some changes faced by two hypothetical trustee boards and suggests how to deal with them. Boards rely on their trustees to function properly. If a […]
Why diversity is crucial to trustee effectiveness
Our co-chief executive, Naomi L’Estrange will be on the virtual road, as she joins Danny Vassiliades and XPS, for their webinar on the topic of Diversity and Inclusion on Trustee Boards. Taking place on Wednesday 29th November (3pm to 4pm), the panel will be discussing why diversity is important, and how trustee boards can become more inclusive […]