UK - Members of struggling defined benefit schemes could lose out on £150m (US$237.5m) of benefits unless the trustees take control of their investment strategy, a consultant warned.

Members of struggling defined benefit schemes could lose out on £150m of benefits unless the trustees take control of their investment strategy, a consultant warns.

Employers are not paying sufficient attention to contract-based defined contribution scheme governance structures, Standard Life research says.

PP deputy news editor Sebastian Cheek interviews pensions minister Steve Webb.