Pension trustees must show they are taking governance more seriously, financial services secretary Lord Myners says.
In a speech to the annual NAPF Investment Conference in Edinburgh, he said: "While pension funds trustees rightly can and do delegate investment decisions and rely on investment advice, they are nonetheless...
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.