Working group drops 'comply or explain' regime for professional trustee standards

James Phillips
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Professional trustees will be asked to meet six areas of standards
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Professional trustees will be asked to meet six areas of standards

There will be no transitional 'comply or explain' period for professional trustees to prepare for mandatory standards when they come into force later this year, a regulator-backed working group has announced.

In efforts to bolster scheme governance, the Professional Trustee Standards Working Group (PTSWG) has proposed these trustees should have to demonstrate compliance with six areas of standards, with chairmen...

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