Member-nominated trustee proposals

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Trust-based occupational pension schemes will be required to have at least one-third of trustees nom...

Trust-based occupational pension schemes will be required to have at least one-third of trustees nominated by members under new rules proposed by the Government SSAS and EPP would not be included in this proposal as EPPs have only one member and with SASS all trustees are members. Wholly insured, ear-marked money purchase schemes would also be exempt When the Government first initiated member-nominated tru-stee structures it left in the option for employers, with a majority of employees' permission, to maintain their scheme as it was. While employers will be able to continue these arrange...

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