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Consolidation within the defined contribution pension market will result in a diminished role for member-nominated trustees, according to The Pensions Regulator. Speaking at the Association of Member-Nominated Trustees annual conference, TPR executive director of market oversight Ben Gunnee outlined that ongoing scheme consolidation risks diluting the direct voice of member-nominated trustees.
Pension scheme professionals must implement appropriate governance frameworks to safeguard member interests and maintain effective oversight as defined contribution market consolidation alters trustee structures.
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