Trustees should not get involved in the enhanced transfer value process and have no legal obligation to do so, Hammonds partner Fraser Sparks says.
He said The Pensions Regulator’s view widely differs to the legal position on trustees’ involvement in ETVs, which are a tool for sponsors looking to de-risk and reduce costs. Sparks explained t...
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