The Pensions Regulator (the Regulator) recently used its powers under the Pensions Act 1995 to appoint an independent trustee to the exclusion of all other trustees of the scheme. The employer was required to pay the fees and expenses relating to the appointment.
The Regulator decided to use its powers because:
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Freshfields Bruckhaus Deringer, Conflict of interest, Wage, Interest, Liability (financial accounting), The Pensions Regulator (UK), Pension Protection Fund, Pensions Act 1995 (UK), Trustee