Advice 'essential' for trustees - Thornton

Thornton, who is leading an independent review of pensions institutions, says if trustees fail to seek advice they could be criticised by both scheme members and the Pensions Regulator for not taking steps to achieve the best deal for scheme members. Speaking at a briefing on the pension challenges facing trustees and companies Thornton, managing director of Gazelle’s Pension Advisory Service, warns advice is particularly important in the current climate of increasingly high level corporate transactions, alongside sizeable pension scheme deficits and recent regulatory changes. As a resu...