Pension Funds
The question
To ask the Secretary of State for Work and Pensions, following the conclusion of the consultation entitled ‘Trust-based pension schemes: Trustees and governance, building a stronger future’, what steps he will take to ensure any guidance to pension fund trustees remains voluntary.
Answered by Torsten Bell
Trustees of occupational pension schemes must act in accordance with their legal and fiduciary duties and in the interests of scheme members. The consultation ‘Trust-based pension schemes: Trustees and governance, building a stronger future’ seeks views on trustee standards, governance and administration and does not alter those duties.
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