TRUSTEES must not overlook a new internal controls regime which "strikes at the heart" of running a scheme and dealing with risk, lawyers warn.
The European directive, incorporated by UK government through the Occupational Schemes Regulations 2005, requires trustees to establish and operate internal controls which ensure the fund is administered...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.