The relationship between consultants and trustees must become more candid and challenging if real improvements are to be made, according to Redington director of strategy Paul Richards.
Speaking at the PLSA Investment Conference, Richards said consultants are often reluctant to offer constructive feedback to clients for fear of damaging the relationship. "The ability to give real developmental...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.