UK - Watson Wyatt has released its autumn calendar of trustee training seminars to be held at venues across the UK.
The training is designed for both trustees and finance/HR executives and is tailored to different needs and levels of competency. Participants will be able to work through detailed case studies to discover the key issues they need to address, the questions they should be asking and current bestpractice.
Two-day defined benefit trustee training courses are offered monthly at Watson’s Reigate offices, with one-day DB sessions in London, Edinburgh and Bristol.
One-day defined contribution training, one-day investment training and one-day basic pensions training courses are also hosted at Reigate.
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.