Signals coming out of government over the last year have given some cause for concern for member nominated trustees. Recent consultations have indicated an inclination to move away from lay trustees, certainly in new multi-employer schemes such as master trusts, and towards allowing the financial services industry to take control of governance.
The latest such consultation was held by the Financial Conduct Authority into proposed rules for independent governance committees. The Association of Member Nominated Trustees is making it clear t...
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