IBM has removed its long-standing pension scheme trustee chairman after 18 years on the board and scrapped the chairman's role in a further downsizing of its trustee board.
The company has dropped company-nominated trustee chairman James Lamb, who has sat on the board since 1994, and terminated the appointment of two further company trustees John McLean and Jacques Delesgues....
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.