The problem of filling member-nominated trustee (MNTs) vacancies on pension boards has been exaggerated claims the Trades Union Congress (TUC) in a new survey released today.
In an email survey of 76 schemes in the TUC Member Trustee Network, 85% of trustees stated they are not experiencing any problems in filling member trustee vacancies, prompting the TUC to claim concerns about trustee recruitment after A-day is being exaggerated. At the moment although at least a third of pension board trustees are meant to be member nominated or elected, employers currently have the ability to opt-out by informing their members and getting their consent, but from A-Day there will no longer be an opt-out option in a bid to make all pension schemes have equal employer and e...
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