The Pensions Administration Standards Association (PASA) has created an administration governance checklist for trustees in response to the regulator's 21st century trustee initiative.
The checklist will help trustees to evidence and action appropriate levels of governance over their administration provider. It comes as The Pensions Regulator (TPR) wants to send a strong message to...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests