It is fair to say that lay trustees are enduring taxing times right now. In addition to ensuring high levels of scheme governance, preparing for auto-enrolment and assessing investment strategy on an ongoing basis, trustees have to deal with the constant raft of changes being pushed through by the government.
How trustees deal with these challenges will have a far-reaching impact on schemes across the UK, and trustees need appropriate support if they are to deal with them properly. One change proving particularly...
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.