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Peter Millard,

Company Secretary, TRL Limited

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Comet

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Bristol Myers-Squibb

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Chair of Governance Committee, Kier Group Pension Trustees

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RM

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Will Court

Transfers to improper vehicles: the trustee’s perspective

Topic:

Legal & governance

Date published:

Friday, 2 October 2015

Pension transfers are putting trustees in an awkward position with pressure coming from several sides. Members increasingly want quick access to their pension fund, but The Pensions Regulator is clear about the part trustees should play in trying to stop transfers to improper vehicles proceeding. Investigating where a transfer is going can be time consuming, but the Pensions Ombudsman is being particularly tight on timescales.

Read a trustee's view on transfers

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