Webb rejects 'toothless' IGCs claim

Michael Klimes
clock

Pensions minister Steve Webb has said providers that ignore Independent Governance Committees (IGCs) would face huge reputational damage.

Speaking at the Trades Union Congress (TUC) Pensions Conference, Webb (pictured) argued IGCs had real power to call providers to account. "People say 'they are not independent, they have got no ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPR warns trustees face jail or fines if they break employer-related investment rules

TPR warns trustees face jail or fines if they break employer-related investment rules

Regulator’s warning follows intervention report into scheme where trustees broke ERI rules

Martin Richmond
clock 14 August 2025 • 3 min read
CDC could signal 'new era' for pensions adequacy

CDC could signal 'new era' for pensions adequacy

CDC will lead to rethink of scheme governance, decision-making and member comms

Jonathan Stapleton
clock 12 August 2025 • 2 min read
Industry supportive of LGPS access and fairness consultation proposals

Industry supportive of LGPS access and fairness consultation proposals

Experts say the proposals should help with reducing the gender pensions gap in the LGPS

Holly Roach
clock 08 August 2025 • 2 min read
Trustpilot