Thursday, September 14, 2017

Industry Diversity means varied life experiences and challenging culture - PROFESSIONAL PENSIONS

by Stephanie Baxter
Originally published: September 13, 2017

Pension trustee boards should comprise of individuals with a range of different life experiences and viewpoints as this will lead to better decision-making, speakers at the Pensions and Lifetime Savings Association's diversity seminar say.

At the trade body's seminar - Diverse Trustee Boards: Time for a Change, held today ­- experts spoke about the benefits of a diverse board with an open-minded and challenging culture.

NEST director of marketing Ranila Ravi-Burslem said, given the master trust's membership is very diverse and reflective of the make-up of the UK population, it was crucial for it to have a trustee board that looks similar to the underlying membership.