TPR: Small DB schemes 'lagging behind' well-run larger counterparts
The majority of defined benefit (DB) savers may sit in "well-run, larger schemes", according to The Pensions Regulator (TPR), but the watchdog has warned it will act on smaller schemes that are "lagging behind".
The watchdog said smaller DB schemes tended to display "poorer governance standards" and have trustees who place less emphasis on assessing the fitness and proprietary of new trustee board members. It...
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