The UK Pensions Regulator (TPR) has launched a survey to try and build a picture of the diversity amongst pension scheme trustees. TPR research into defined contribution pensions schemes has shown most do not formally capture diversity data in relation to their trustees. The data that was most likely to be recorded was sex and age followed by ethnicity, disability and education. Very few schemes recorded data on religion/belief, gender identity or sexual orientation. TPR’s survey will seek information on the proportion of trustees with protected characteristics, their academic and socio-economic backgrounds and work experience, and information on trustees’ views on diversity and inclusion, in a measurable way allowing for TPR to detect changes in sentiment over time. The survey will also seek to understand what diversity, equity and inclusion (DEI) data about trustees is being recorded by schemes and its intended use and actions being taken to ensure DEI among trustees. In March 2023, TPR published DEI guidance to provide practical steps for all schemes, regardless of where they are on their DEI journey and provides case study examples of how these actions have been implemented.
We are inviting around 97,000 trustees and pension board members to be part of an online survey to build a clearer picture of trustee diversity. The survey will allow us to measure progress in promoting high standards of #diversity and #inclusion.
— ThePensionsRegulator (@TPRgovuk) July 5, 2023