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| Pensions Regulator issues new guidelines |
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| Latest Recruitment News - HR and Recruitment Legislation News |
| Written by DirectNews Feed |
| Thursday, 15 July 2010 00:00 |
 The Pensions Regulator earlier this week (July 13th) published new guidance that could affect companies and employees around the country, including in the City of London. Within the advisory document, the body outlines clarification on the role of the employer and is also intended to ensure that trustees become actively involved in managing the risks of pension transfer incentives. According to the Pensions Regulator, trustees should, from now on, start from the presumption that such exercises and transfers are in fact not in the best interests of members meaning that they should be approached "cautiously and actively". Under these new guidelines, trustees are expected to operate in a more "clear and transparent way" by implementing several changes to their current policies. For example, members are now to be provided with clear information that is not misleading, as well as impartial and independent advice to ensure they make the right decisions. Meanwhile, Keith Churchouse commented earlier this week that the government's proposal to calculate private sector pensions on the consumer prices index is a significant change. Posted by Mary King 
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