Helping trustees understand risks in 'hybrid' pension arrangements
The Pension Regulator has published a statement to help trustees and their advisers understand the structure of their ‘hybrid' scheme - schemes with defined benefit and defined con
The regulator has warned trustees that governance failings in complex 'hybrid' schemes risk impacting members' retirement benefits. Trustees must take action to address these risks.
The statement includes a series of checklists which summarise the actions trustees, administrators and employee benefits advisers should take to ensure they are able to properly manage their scheme.
From November 2011, the regulator will include additional questions in the scheme return for DB and hybrid schemes.
The statement includes a series of checklists which summarise the actions trustees, administrators and employee benefits advisers should take to ensure they are able to properly manage their scheme.
From November 2011, the regulator will include additional questions in the scheme return for DB and hybrid schemes.
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