Yesterday, in central London, just near Bank, about 40 pension trustees from companies up and down the UK came together for the inaugural meeting of the country's newest trade body - the Association of Member Nominated Trustees. It is early days yet, but they have begun to find their voice on a number of issues.

Founded late last year by Andy Agathangelou of Pitmans Trustees, and co-chaired by Barry Parr of the Orange/Everything Everywhere pension scheme and Janice Turner of the pension scheme for BECTU, the broadcast trade union, the association has now swelled to around 150 members.