The industry has welcomed The Pensions Regulator's (TPR) revised definition of professional trustee, but has warned all trustees to be aware of the updated monetary penalty policy.
The regulator now defines a ‘professional trustee' as someone "who acts as a trustee in the course of the business of being a trustee", particularly where one represents or promotes themselves to a scheme...
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.