TRUSTEES should be given statutory immunity from prosecution to boost the number of people volunteering for the role, a leading pension lawyer says.
Pinsent Masons partner Robin Ellison said one of the reasons people were reluctant to become a trustee was the potential liabilities they faced were “disproportionate” to any personal benefits they received...
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.