Trustees are not responsible for defined contribution (DC) members' retirement outcomes, according to the independent chairman of the Next Pension Scheme.
Speaking at PP's Trustee Masterclass yesterday, Ian Richards warned trustees against getting involved in tasks that went beyond their obligations. He said: "The prime function of the trustees is to...
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.