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.

p17-chart-4

 

"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?"

More on Law and Regulation

Government confirms it will maintain pension fund clearing exemption

Government confirms it will maintain pension fund clearing exemption

Announcement follows industry representation on the issue

Professional Pensions
clock 10 January 2025 • 2 min read
Top tips for trustees and sponsors on pensions litigation

Top tips for trustees and sponsors on pensions litigation

Peter Murphy explains that litigation involves a lot more than just going to court

Peter Murphy
clock 10 January 2025 • 4 min read
The impact of the Manolete v White judgment for debtors' pensions

The impact of the Manolete v White judgment for debtors' pensions

Chris Edwards-Earl looks at the implications of November’s Court of Appeal ruling

Chris Edwards-Earl
clock 08 January 2025 • 3 min read
Trustpilot