UK - Trustees should consider multi-manager products as a way to lighten their regulatory burden, according to Artemis Investment Management.
The firm believes that the extra responsibilities placed on trustees through the Trustee Act 2000 has left those without sufficient financial acumen “horrified”.
Artemis spokesman Nick Wells said that multi-manager products provide an ideal structure for trustees and advisers to work in tandem.
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The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.