Archive for May 2008

Brian Spence

I’m frequently asked why anyone would want to become a pension scheme trustee and it is undoubtedly a question which is becoming increasingly difficult to answer.  The Pension Regulators Code of Practice for Trustees has clarified the level of responsibility of trustees, provided guidance how to perform the role as well as a benchmark against which trustees can be judged.  It would seem that the days of the well meaning but ultimately ill-informed amateur are long behind us. It is now impossible for trustees to be unaware of their responsibilities and in agreeing to perform the role they must accept that they have a personal, non transferable liability and that ultimately the buck stops with them. Read more »

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