Professional trustee accreditation process intended to launch on 1 July
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).
The regime comes after The Pensions Regulator (TPR) amended its definition of ‘professional' in 2017, and is further looking to bring in quality control standards for professional trustees. The regulator-backed...
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PLSA publishes template for DC chair's statements
The Pensions and Lifetime Savings Association (PLSA) has published a drafting template to help defined contribution (DC) scheme trustees produce their annual chair’s statements.
Seven pension bodies team up to reassure savers over Covid-19 concerns
Seven bodies with responsibility for protecting UK pension savers’ pots have joined forces to create an information guide to reassure scheme members amid concern about the impact of the Covid-19 crisis on financial wellbeing in the UK.
Government corporate insolvency proposals to give trustees greater say on restructurings
Pension scheme trustees could find themselves with a better seat at the table during a corporate restructuring under government proposals presented to parliament last week.
Ineffective regulation breeds inequitable outcomes
Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.
When and how to correct benefits
There are many reasons why trustees may need to complete a benefit rectification exercise. Faye Jarvis explores the key considerations in these instances.