professional trustees

This week's Pensions Buzz respondents were split on whether more schemes should follow NEST's decision to divest from tobacco.

Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).

Independent Trustee Services (ITS) has become a fully independent firm after undertaking a management buyout from Mercer.

Accreditation will reduce the number of sole-trader professional trustees, this week's Pensions Buzz respondents say.

This week's top stories included an accountant admitting fraud and making employer-related investments in the latest criminal prosecution pursued by The Pensions Regulator.

Professional trustees will be expected to apply for accreditation in the near future as a regulator-backed working group has published a set of seven standards against which they will need to demonstrate compliance.

This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.

The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.

There will be no transitional 'comply or explain' period for professional trustees to prepare for mandatory standards when they come into force later this year, a regulator-backed working group has announced.

Pensions law firm Gunnercooke has established a professional trustee firm, promising a focus on strategy, proactivity and accountability.