I was with Bill Trythall, who is a fellow AMNT union appointed trustee on the massive USS Pension scheme. The chair was Louise Farrand from "Engaged Investor".
We took a number of questions from the chair and members of the audience on amongst other things - time limits for trustees on schemes; do trade unions help bring diversity and how can we tell if our pension board is any good?
My response to how we can tell if we are doing a good job or not as pension trustees will be to see firstly how we perform according to our benchmark, when compared to our peers and at our triennial valuations. But also we should see how open and transparent we are with our members and other stakeholders, do we seriously challenge our advisors, how realistic are our assumptions about future performance and liabilities, do we really drill down on all our fees and transaction costs and do we take our responsibilities as owners of capital seriously?
We ran out of time at the end but I think that Bill and I enjoyed the seminar and hopefully those who watched and participated did so likewise.