We deserve to be paid, say pension fund trustees

Two thirds of UK occupational pension fund trustees believe they should be paid to reflect the ever-increasing pensions expertise they are now required to have, a study has found.

The research, which quizzed 142 lay trustees and 101 consultants, pension managers and independent trustees found “increasing pensions expertise required”, “significant level of responsibility”, and “the amount of unrecognised time spent” as the main reason for the pay demand.

David Collinson, head of origination at Pension Corporation, which carried out the study, says: “Trustees have undoubtedly had an increasing series of responsibilities placed on them over the past few years, not least the obligation to understand all the de-risking options open to them.