Pensions Regulator issues guidance on conflict of interests

The Pensions Regulator has published draft guidance on conflicts of interest.

It states that:

• Trustees must act in the best interests of scheme beneficiaries.
• They must not place themselves in a position where their interests could conflict with the schemes.

The draft guidance includes several principles that should apply to most schemes, but solutions should be individually tailored. Consultation on the draft guidance closes on 30 May 2008.

To find out more about the draft guidance, read Wragge & Co's analysis.