Abstract

This paper is based on a presentation given at the IBC ‘Pensions Communication’ Conference on 29th April, 2003. It examines the legal issues for trustees of defined contribution occupational pension schemes when selecting a range of investment funds, including default funds and life-style options. The position of employers when selecting personal pensions or stakeholder pensions is contrasted. The paper also considers the implications for UK occupational pension schemes of the USA experience, particularly following the collapse of Enron.

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