Venture capitalist 3i has given its pension scheme security over a £150m shareholding in 3i Infrastructure as part of a long-term de-risking strategy.
The company will retain all income and capital rights relating to the contingent assets, but the scheme will have recourse to them if 3i becomes insolvent or fails to comply with the recovery plan agreed...
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.