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“Ian has added more value than we thought he would at the start… which shows it pays to go with someone who is doing the job of a professional trustee as their bread and butter.”

Katherine Cross,

Tyser

“As a pensions novice, I felt that the trustee training course gave me a good grounding.”

Will Court

“PSGS was chosen because of their knowledge of the subject and awareness of our particular schemes.”

George Batho ,

Trustee, Lansing Linde

“I enjoy working with PSGS and we have a very positive relationship. I was new to pensions and found them very helpful.”

Bruce Allison,

RTUK

“Alex is the first professional trustee we have had and has revolutionised the way they look at things - helped above and beyond.”

Angela Clayton,

Accent Group

“We have a good partnership the team really understand what we need and our knowledge eg budgets - "we don't have a referee" - very helpful. Challenge advisers but with a practical objective. Thanks to PSGS, GMP equalisation has been just a process. ”

Stephen Allaker ,

Bristol Myers-Squibb

Will contract-based pension schemes be required to have independent governance boards?

Topic:

Legal & governance

Date published:

Monday, 9 June 2014

It can be difficult to keep up with the multitude of proposed reforms and new guidance concerning the governance of defined contribution pension schemes.

In this article, I look at the implications and challenges posed by a number of these proposed reforms including Labour’s commitment to independent trustee boards for all pension schemes, and the proposed flexibility for members when it comes to taking their DC funds. I also consider what this, together with the Regulator’s new DC code of practice and guidance, may mean for the regulatory future of group personal pensions.

James Double, Scheme Manager

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