LCP research reveals 20% surge in use of sole trustees
There was a 20% increase in UK schemes appointing sole trustees over the past year, latest Lane Clark & Peacock (LCP) research reveals.
Source: professionalpensions.com
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There was a 20% increase in UK schemes appointing sole trustees over the past year, latest Lane Clark & Peacock (LCP) research reveals.
The industry says sole trustees should face stricter regulation in a bid to more formally manage conflicts of interest.
The Association of Member-Nominated Trustees (AMNT) has warned of the “serious consequences” of schemes choosing to rely on sole trustees.
A slight majority of industry professionals believe that the introduction of the sole trusteeship model has been a positive for the industry, according to a Professional Pensions poll.