The trust-based defined contribution landscape remains composed of a vast number of small schemes that do not offer "value for money", according to The Pensions Regulator.
Statistics released by the watchdog show that of the 47,000 DC trust-based schemes, more than 90% have fewer than 12 members - 38,000 of which have just two to four members. And it said only 130 schemes...
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.