Trustee 'ignorance' poses risk to pensions - papers 3rd January

clock

THE IGNORANCE of some company pension fund trustees poses a serious risk to the UK's troubled retirement benefits system, according to Sir Bryan Nicholson, former head of the corporate governance regulator, reports the Financial Times .

Sir Bryan, who stepped down last weekend as chairman of the Financial Reporting Council and has been a trustee himself, said: “Although the situation is much improved, there is still [concern] in my mind that many trustees of pension funds don’t really know what they’re doing'” “It’s not a criticism of the individuals,” Sir Bryan said. “It’s just that they are lay people spending limited amounts of time. I think that is a risk for all pension funds.” In the past year, pension fund deficits have been recognised as the biggest risks that some companies face, says the paper. ALMOST NIN...

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 uncategorised

Titan Wealth inks Harlequins partnership

Titan Wealth inks Harlequins partnership

Becomes wealth management and women’s partner

Jen Frost
clock 03 October 2025 • 2 min read
Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 19 September 2025 • 1 min read
Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 16 September 2025 • 1 min read