Pensions Regulator Retreats From Trust Governance Plan

Law360, London (February 10, 2020, 11:30 AM GMT) -- The Pensions Regulator has rowed back on proposed mandatory standards on governance for smaller workplace pension plans, saying on that Monday it will not take a “blanket approach" to supervision.

The watchdog proposed, in a consultation in July, making it a requirement for all pension plans to have a professional trustee sitting on their boards. The regulator said on Monday that after hearing feedback from the industry it will not yet make that move.

TPR launched the consultation amid concerns over the management of smaller workplace pension schemes. The watchdog said it estimates that just 1% of smaller workplace arrangements meet all required governance standards.

The regulator said in its consultation...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!