UK - Employers cannot avoid management issues on pensions simply by choosing a stakeholder or group personal pension plan, Watson Wyatt warns.
The consultant says employers should not be “fooled” into thinking that avoiding the need for trustees will absolve them of ongoing governance responsibilities.
Senior consultant Gary Smith said these duties were not based on law but “business sense”.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers