Apologies, welcomes, declarations of conflicts of interest
Chair’s update
The Chair reported that the new Non-Executive Director appointment had been approved (subject to terms and conditions), and that Alison Hatcher would join the Board from the 1 August 2022.
The Chair updated the Board on meetings held with Financial Conduct Authority and The Pension Protection Fund.
The Chair had met with the Secretary of State, discussions covered Year of the Trustee, mandating the use of professional trustees and Value for Money (VfM).
CEO report
Stakeholder panels: the Board received an update on the progress following the first meetings of the employer, scheme and practitioner and saver panels. The employer panel wanted TPR to promote the message that employers should continue to meet their AE duties. The pressures reported by members of the scheme and practitioner panel were noted.
Saver panel: the first meeting went very well, and members were enthused to be part of it. Members represented various groups. Most felt they could access the genuine voice of the saver by accessing their memberships.
Defined benefit scheme funding regulations: the submission had gone to the Minister for Pensions and it was hoped they would be published before the summer recess, although this could not be guaranteed.
Government’s response to its consultation document on draft dashboards regulations: this was due to go out before the summer recess.