Can you trust your trustee?

Trustees are the front line of defence for defined-benefit (DB) pensions-scheme beneficiaries. But can you trust them, asks David Prosser.

857-guard-634

Trustees are asleep on the job
(Image credit: This content is subject to copyright.)

Trustees are the front line of defence for defined-benefit (DB) pensions-scheme beneficiaries in the UK, protecting members' interests in the face of the often-conflicting demands of employers and individual savers. However, trustees aren't always up to the job. Indeed, new figures from the Pensions Regulator, which polices the occupational-pension sector, show many trustees aren't even getting the basics right.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.