Trustees who do not do enough to squeeze the fees charged by advisers are not fulfilling their fiduciary duty, says the former Pension Protection Fund (PPF) head of restructuring.
Writing in this week's PP, Richard Favier says trustees are too reluctant to even discuss fees with solicitors, accountants, actuaries, administrators or investment managers. He says the problem is...
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.