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OPA calls for ban on FDs serving as scheme trustees

December 14th, 2009

In its annual survey of 50 of the largest occupational pension schemes in the UK, the Occupational Pensioners’ Alliance (OPA) has called on The Pensions Regulator (TPR) to take action preventing Finance Directors, or employees reporting to Finance Directors, serving as pension scheme trustees.
Referring to current TPR guidance on conflicts of interest, the report states that “OPA believes that Finance Directors should be disqualified altogether from being scheme trustees…and urges the Regulator to intervene.”

For a copy of the full report visit: http://www.opalliance.org.uk/docs/2009survey.pdf