The regulator is considering a number of ways to raise governance standards and ensure trustees are fit for purpose in the 21st century. Stephanie Baxter looks at what the industry makes of it all.
At a glance TPR is exploring various ways to improve trusteeship and scheme governance Industry believes trustee boards should be more diverse, dedicated, and accountable Action should...
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.