Trustee Good Practice Guide
Feedback and performance management
The PPF is committed to enhancing the knowledge and experience of all parties involved with ensuring a scheme successfully progresses through the assessment period, in an accurate and timely manner. To do this, we will provide regular feedback about performance to all parties concerned, either at an individual or corporate level.
More specifically, as the trustees’ role is fundamental to the assessment period, we want to make sure that trustees have the appropriate skills and behaviours to carry out their responsibilities and perform at the required levels.
We intend to develop a methodology aimed at measuring trustees’ performance in a transparent and consistent way.
Broadly, it will be designed to support the values and strategic objectives of the PPF and focus on the five key principles highlighted in this guidance.
Following the feedback from the initial consultation, the PPF will be consulting further with the industry to develop a fair and proportionate mechanism to measure trustees’ performance – and provide appropriate feedback – in a way which adds the most value to both trustees and interested stakeholders.
More information about this process will be released following this additional consultation.