An "unintended consequence" of the Pensions Bill could put entire corporate trustees out of business if a director is prohibited from overseeing a scheme.
PTL managing director Richard Butcher (pictured) drew attention to section 40 of the bill, which says a company is prohibited from being a trustee when a director of the company is deemed unfit to ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date