AMNT: 'Serious consequence' of relying on sole trustees

AMNT said schemes relying on sole trustees are ‘weakening protection for members’

Holly Roach
clock • 2 min read
Turner: "If professional trustees are simply shaking their heads and advocating sole trusteeship, they are not doing their job."
Image:

Turner: "If professional trustees are simply shaking their heads and advocating sole trusteeship, they are not doing their job."

The Association of Member-Nominated Trustees (AMNT) has warned of the “serious consequences” of schemes choosing to rely on sole trustees.

The firm argued that schemes relying on a sole trustee are "increasing their risk portfolio" and potentially "weakening protection for members". It urged schemes to be aware of this consequence ...

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