From The Pensions Regulator:
An undertaking from Pension Corporation has been received by the Pensions Regulator covering a key aspect of the governance of the Telent pension scheme, as well as other schemes in which Pension Corporation has an interest.
The trustees and Telent have also agreed a number of additional measures designed to protect members’ interests and safeguard the future governance of the scheme.
The undertaking and associated governance documentation address the regulator’s concerns which led to the appointment of three independent trustees with exclusive powers to the scheme in October last year. The new structure will govern the scheme after the expiry of the trustee appointment on 18 April.
The regulator has today published a…