Pensions Regulator Wants Trustees To Take Longer-Term View
Law360, London (May 9, 2019, 4:54 PM BST) -- Britain’s pensions regulator is putting together proposals that would force trustees to take a longer-term view when managing funding and investment strategies for retirement funds, the watchdog said Thursday.
The Pensions Regulator is preparing to consult in the summer about how to create a clearer regulatory framework for defined benefit schemes, which promise a set annual retirement income to their members. The planned reforms will make trustees more accountable and expose them to greater regulatory scrutiny.
“Trustees need to take a long-term view when managing their funding and investment strategies,” David Fairs, the watchdog’s executive director of regulatory policy, analysis and...
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