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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
