The many cogs of a pension scheme wheel can cause distress for trustee boards. However, none can often provide the complexity and stress than dealing with a member's lump-sum benefit after an untimely death.
Although not often, trustee boards can be plunged into a world of data gathering, family feuds and ‘playing god' with regards to who benefits from a member's pension. The first thing to be taken into...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.