DB trustees urged to engage with advisers to avoid 'reputational damage'

Emphasises the importance of advisers

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DB trustees urged to engage with advisers to avoid 'reputational damage'

Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.

Pensions lawyers Eversheds Sutherland and mutual insurer Royal London looked at pension trustees' approach to engaging advisers in defined benefit (DB) transfers since the introduction of pensions freedom....

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