Concern over the creation of pension super funds
Trustees Agenda posted on 11 May, 2018
The TUC has expressed concerns over the emergence of super funds which target employers looking for a cheaper solution to their pension obligations.
The establishment of these super funds comes prior to a Government consultation about a legislative and regulatory framework for pension consolidation vehicle which is due later this year. The TUC expresses its concern that although these vehicles claim to help employers, there has been little consultation on whether or not changing to one of these untested vehicles and cutting the link with the employer, is in the best interests of the members.