Trustees will need to raise their game to meet new requirements, but will be supported in doing so by the Pensions Regulator, its chief executive, Tony Hobman, said today.
Addressing an audience of trustees, fund managers, lawyers, actuaries and advisers at the Outer Temple Chambers Conference, Hobman outlined the positive action trustees can take to minimise the risks faced by pension schemes. He said the Pensions Regulator was under no illusions as to the challenges lay and professional trustees would face as the new regulatory regime started to bite, but that trustees needed to act in order to conform with changes set out in the Pensions Act 2004. "Trustees must take responsibility for the scheme's approach to funding issues and must be prepared to ne...
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