UK - Mellon Human Resources & Investor Solutions has scheduled a series of trustee training courses to explain changes in the Pensions Bill.
The “Practical Trusteeship Training Course” will cover trustee duties and responsibilities, the law as it applies to pension schemes, funding and investment principles, while the “Investment Trustee Training Course” is a more advanced course targeted at developing an appropriate investment strategy.
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.