Pensions Regulator to provide online guidance for trustees

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read