By Ben Hewitson, Andrew Hunter, Richard Stockley and Andrew Thomas
This report presents the findings from a qualitative research project commissioned by the Department for Work and Pensions (DWP) and carried out by BMRB Social Research to explore attitudes to increasing member-nominated trustee (MNT) representation on pension scheme trustee boards. The research aimed to explore the views and experiences of representatives of four groups with key roles in the running of occupational pension schemes around increasing MNT representation to 50 per cent and, in particular, concerns relating to how 50 per cent representation would impact on scheme governance, recruitment of MNTs and costs.
The study, conducted in 2009, comprised 61 face-to-face depth interviews with employers, MNTs, employer-nominated trustees (ENT) and trade union representatives from across England, Wales and Scotland. Respondents were sourced from a variety of commercially available databases and selected to provide a broad cross-section of pension scheme trustee boards in terms of scheme size and type.