How Diverse Is Your Pension Trustee Board?

Pension trustee boards need diverse skills, demographics, and thinking. This article examines the impact of cognitive diversity using the Saville Wave 'Work Roles"' model.

The importance of diversity on a trustee board

A pension scheme trustee board is responsible for doing many different things - often much more than many other boards or corporate roles. Therefore, to be successful as a trustee board, you need a variety of skills and experience. You also need people from a range of demographic backgrounds, to represent different member perspectives, and with a range of different behavioural tendencies or ways of working. These are our three lenses to look at diversity: skills, demographics and thinking.