River and Mercantile reacts to TPR 21st Century Truteeship initiative

Following the launch of the 21st Century Trusteeship initiative by The Pensions Regulator (TPR), please find below a comment from Mark Davies, Managing Director of River and Mercantile Derivatives:
“Following on from its discussion paper last year, firmer guidance from The Pensions Regulator was inevitable. For the majority of schemes (as the Regulator acknowledges) this will not be a problem. The consequences of not meeting the standards may be scary for others. However I would say that, from an investment perspective at least, meeting these standards is not necessarily as difficult as it seems. We are big believers in education (offering it for free to anyone) so welcome increased education requirements.”