THE NATIONAL system of personal pensions savings accounts will be a trust-based occupational scheme run by trustees, the department for work and pensions says.
Work and pensions secretary John Hutton told delegates that making trustees, who would be legally obliged to handle the scheme’s assets in the best interests of members, would ensure the interests of consumers...
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The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.