Trustee paternalism and conservative decision making has contributed to the demise of many defined benefit schemes and harmed members in the long term, a consultant says.
Xafinity Paymaster client services manager Nigel Clarkson said trustees' overriding thought has always been for the good of members but being overly cautious about derisking has harmed them. He said...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point