Trustees or employers will be expected to consult scheme members before making any changes in benefits under new guidelines from The Pensions Regulator.
The code of practice on subsisting rights’ modification is also expected to encourage trustees to meet set timetables for presenting proposals and implementing agreed changes. The code has been drawn...
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.