Buzz: Trust DB trustees to self-certify

clock • 1 min read

A quarter of respondents thought the Department of Work and Pensions proposals to allow defined benefit schemes to self-certify for auto-enrolment would be unworkable, while a third disagreed.

Several respondents thought trustees of well-run schemes should be trusted to self-certify and welcomed any reduction in red tape.

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"It stands to reason that if a DB scheme has survived this long it must be well-run," said one commentator. "What's wrong with allowing a well-run scheme to self-certify?"

Another contributor added: "Some people fear any reduction in bureaucracy. Surely it is only polite to be nice to DB schemes during their twilight years of protracted ill-health with only an eventual death in front of them."

But others worried about a potential lack of accountability. One contributor warned: "It is all very well and good to keep things in house but, when things go wrong, who is there to safeguard things? Remember Maxwell?"

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