The Pensions and Lifetime Savings Association will undertake a comprehensive review of its governance to ensure it continues to support its members and stakeholders, operates effectively and attracts the right people.
Announcing the review at its annual conference Wednesday in Liverpool, England, Chairwoman Lesley Williams said: “We need to make sure we have the right structure to deliver our strategy and purpose, the right people within that structure and the right selection processes for those people,” she said.
Ms. Williams said the review will consider whether the PLSA's structure around its different councils is correct, whether its constitutions give the PLSA the flexibility it needs and whether the current system of elections is the best way to bring the right people on board to work on behalf of its members.
The review is effective immediately, and runs until October 2017. The board of the PLSA will consult with members on any potential proposals in 2017.
The association counts more than 1,300 retirement plans among its members, representing £1 trillion ($1.2 trillion) of assets.