This week's top stories include The Pensions Regulator barring three trusteeships, and the Competition and Markets Authority's investigation of investment consultants and fiduciary managers.
TPR bans three trustees over suspected £9m scam The Pensions Regulator has banned three people from serving as pension trustees after around £9m was suspected of being scammed from 346 savers. Expat...
This week’s top stories included the launch of Punter Southall’s defined benefit scheme consolidator, while The Pensions Regulator laid down three ‘gateway principles’ for superfund transfers.
Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.
Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.
Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.