TRUSTEES must do more to protect members who are offered cash inducements to leave schemes, The Pensions Advisory Service says.
TPAS chief executive Malcolm McLean said trustees had too often “stood back” while employers offered members attractive cash sums to opt out of final salary schemes and into a personal pension. McLean...
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Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.
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