Aon has published a new guide to help improving understanding of diversity and inclusion considerations among pension scheme trustees and members.
This paper looks at how these issues can impact decision making across a wide-range of pension scheme areas: from appointing trustees to member communications, scheme rules and investments. Aon points out that this can even effect actuarial calculations.
The Pensions Regulator has also signalled the need for greater awareness of D&I and its influence on the decisions that trustee boards have to make.
Aon partner Lynda Whitney says: “With this guide we are aiming to give trustees some initial practical and implementable thoughts and ideas on how they can improve their schemes’ thinking on and approach to diversity and inclusions (D&I)”
She adds: “As we move towards 2021, and as trustees consider their schemes’ activities for the coming year, we hope that this guide can aid them in considering how to embed D&I considerations into their objectives and how they can go about implementing improvements and monitoring change.”
TPR executive director of regulatory policy, analysis and advice David Fairs welcomed the publication of guides like this, and added that diversity and inclusivity is “crucial” for better decision making for schemes.