THERE is "a fundamental inconsistency" between legislation requiring trustees "to be almost pensions experts" and the demand that a third be member-nominated, a consultant claims.
Buck Consultants head of technical services Kevin Le Grand said it was difficult to advise trustees on whether they had reached the required level of knowledge and understanding because it was not always...
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how