Since the publication of Robert Baden-Powell's Scouting for Boys in 1908, all Scouts and Guides around the world have taken a promise or oath to live up to ideals of the movement - to do their duty to God and the Queen; to help other people and to keep the Scout Law.
Had trustees to recant a similar promise, it would be to do their fiduciary duty and always act in the best interest of members while obeying the law. Yet, exactly what is in the members’ best interests...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".